Ann: Underwritten Rights Issue to Raise up to appr $11.65 Million, page-6

  1. 40 Posts.
    lightbulb Created with Sketch. 5
    Well this is exactly what I predicted a couple of months ago. APAC underwrite a deeply discounted rights offering. No shareholder in their right mind will take up their rights and APAC will move to +50% control. Well trodden path by this crowd to take over a company by paying a discount.
 
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