Ann: Underwritten Rights Issue to Raise up to appr $11.65 Million, page-5

  1. 307 Posts.
    lightbulb Created with Sketch. 14
    What a fantastic bit of business by APAC.
    Underwrite the silly price offer, which nobody in the right mind will take up
    Make it a ludicrous number issued that may be considered for consolidation at a later date
    Take a nice little wedge in commission charges 2.5%
    Gather up the surplus unsold shares'
    Then use the capital raised to pay of your short-term debts
    I bet they are still rolling on the Boardroom floor biggrin.png
    Of course this is only my 2c lol!

 
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Price($) Vol. No.
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