The one in Aug was to sophisticated investors and sweetened with options. I assume they were big enough and ugly enough to understand the risks. The reason that one didn't have a prospectus assumes that. Also this one is a rights issue and non-renounceable.
I hate to sound like a lawyer given you make the assumption stated. Then you too see the potential for blowout or failure with the current issue. I guess I thank you for reminding me of it.
As an aside, with non-renouncable issues. The principle is that it is fair given. Current holders are not diluted. If they take it up fine they take the risks and the future benefits. If they don't they get the benefits of the fresh capital propping up their sunk capital but with dilution.
One thing I'm pretty sure of is potential JV partners aren't being offered their equity at this price.
All IMVHO.
The one in Aug was to sophisticated investors and sweetened with...
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Last
27.0¢ |
Change
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Mkt cap ! $207.3M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Change
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