Briefly and to the best of my understanding: Fund/investment managers raise the funds through their clients who hold S708 certificates/high net wealth clients. This is a fast and effective way to raise capital as it alleviates the requirement for the company to issue a prospectus. Dont quote me but I imagine the company would have access to the capital in a matter of days, not weeks or longer as per a SPP.
Ann: Trading Halt, page-102
-
- There are more pages in this discussion • 108 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.894M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 634370 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 697500 | 3 |
View Market Depth
| Last trade - 16.12pm 11/10/2024 (20 minute delay) ? |
| SBR (ASX) Chart |
Day chart unavailable