Ann: Trading Halt, page-104

Once bit twice shy. Do you know what happened when we last did a raise that involved a 2 for 1 to retail?

It was under-subscribed as it was perceived as a "CR for survival" partly thanks to Covid (plenty of companies in trouble did a CR during that period) and mostly due to the Cu low at the time meaning that Tritton may not be economical at that Cu price and hence AIS acquiring Cracow was an option to stay afloat.

The under-subscription forced the underwriters to sell in the open market pushing the SP from 5c to 2.9c. No thanks, why risk that scenario again, lets keep this short and sweet. If you want more AIS buy it in the open market.