This was in Street Talk.
"The offer was priced at 1.6¢ a share, a 20 per cent discount to the last close, according to the term sheet sent to potential investors. It included a one-for-one free attaching option with a 3.2¢ strike price and two-year expiry. It was targeting a $2 million minimum, going up to $4.3 million."
I don't know how they went with this offer.
The SP could go either way on this. Paying of the $5mil loan is a good thing and a big saving on interest in the future. Annoyance by holders could have it go the other way.
GLTAH DYOR
This was in Street Talk. "The offer was priced at 1.6¢ a share,...
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Last
55.0¢ |
Change
-0.040(6.78%) |
Mkt cap ! $45.79M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 56.0¢ | 52.0¢ | $100.5K | 186.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 11971 | 1 |
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