I'm also at a loss about how the providers of these facilities can demand such lucrative terms for themselves - but are you sure that PRR's terms were less onerous than MSB's? It looks to me like it's the other way around.
Maybe I have misunderstood something (I mean that quite genuinely), but it looks like PRR issued stock at a 7.5% discount, paid a fee of almost 1% of the entire funding amount up front, and granted options with a strike price of 140% of VWAP. Meanwhile, MSB is going to issue stock at a 4.5% discount, and options at a strike price of 200% of VWAP, with no up front fee. Doesn't that make MSB's deal much better than PRRs?
http://www.marketwired.com/press-re...itutional-investor-bergen-asx-prr-1952888.htm
I'm also at a loss about how the providers of these facilities...
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MSB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.13 |
Change
-0.025(2.17%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.11 | $7.363M | 6.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94863 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |