So do a 1 for 4. You can go that high under the new coronavirus rules without needing a vote. Assume that you'll get at least 125M taken up and therefore set the underwriting terms to only kick in if there is a shortfall of less than half the offering. Havent seen it before but I'm sure such a thing exists. You could even make it renounceable so shareholders who cant afford to take it up can sell the rights, or allow for oversubscription rights so that only existing holders get a shot at any shortfall. That way no existing shareholders can complain about getting diluted out or mates being given free money.
If a 1 for 4 got fully subscribed it would just mean the takeover price would have to be higher, cash in the bank is protection.
So do a 1 for 4. You can go that high under the new coronavirus...
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Last
$1.23 |
Change
0.020(1.66%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $8.926M | 7.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 334167 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 25000 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |