Ann: Underwritten Share Purchase Plan - Extension of Closing Date, page-21

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25/10/18

11:55

Post #: 36256447
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Originally posted by Arcturus451 ↑

This tells me that SH have probably failed to hit the $3M target, let alone my hoped for $6M. That's not great news, but it shows why the issue was underwritten and why the top up facility is there, so hopefully the project financing can still proceed on reasonable terms.

I don't think SH needed more time to participate in the SPP, but maybe some larger SH asked for more time to participate in the top up facility, which I think requires professional investor status that they may have needed to arrange.

All you SH who have been incessantly bagging this capital raising and management should give yourselves a good pat on the back for souring this issue. If you were even slightly clever you would have let the issue proceed without criticism to minimize shareholder dilution and then taken your grievances up at the meeting. Thanks to your fine efforts I suspect that more shares will now go to Patterson's than would otherwise have been the case.

It still amazes me when people shoot themselves in the foot and then come back and shoot the other one for good measure, all the while blaming someone else! Whatever happened to common sense?

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That's not a fair summary … let's face it the CR was a "dogs breakfast" with undefined price, complex formula, and then the vague clause about the top up facility.

Be different if everything for WKT was plain sailing and the SP had run after the ML.

Basically the CR is now a big VOTE OF NO CONFIDENCE IN the board, specifically TB.

WKT Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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Last 9.4¢		Change 0.002(2.17%)		Mkt cap ! $63.09M

Open	High	Low	Value	Volume
9.4¢	9.4¢	9.3¢	$22.41K	240.5K

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No.	Vol.	Price($)
1	100000	9.2¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	100000	0.092
1	45897	0.091
2	15666	0.090
1	51245	0.089
2	58000	0.088

Price($)	Vol.	No.
0.094	31954	1
0.095	5315	1
0.096	37788	1
0.097	5000	1
0.100	5000	1

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Ann: Underwritten Share Purchase Plan - Extension of Closing Date, page-21

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Ann: Underwritten Share Purchase Plan - Extension of Closing Date, page-21

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