ADR
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10.0% 1.8¢ adherium limited

Ann: Trading Halt, page-20

  1. maarstra
    30 Posts.
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    18/03/21
    18:40
    Post #: 51876358
    From the documents I read the raising as follows, correct me if I'am wrong:
    - $2.5m; a direct placement in the market at 1.5c (next week)
    - $10m: 2 cornerstone investors (May)
    - $5.5m: either a direct placement- or a rights issue, to be determined in an EGM (May)

    It's surprising to me that the sp is still 1.9c, while 170m shares will be offered at 1.5c next week
    ADR Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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