Was a much better tactic to possibly over shoot with 8c cr than say 5c & place negative drag on the sp.
Capital raises can be tricky at the best of times but when it's packaged as part of a major re-structure & consolidation it's on another level!
Most mm stocks have retreated considerably over the last few months in what seems to be a market correction on possibly over bought stocks. This in conjunction with the complicated aquisitions & task of re-compliance has left QBL faced with lower than expected sp.
Was always going to be a real struggle, the other alternative would have been to flag a $5 million cr to be at a price decided at a later date but we all know how much markets love suprises & this would have likey placed drag on the sp too.
- Forums
- ASX - By Stock
- CGB
- Ann: Suspension from Official Quotation
Ann: Suspension from Official Quotation, page-136
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CGB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online