It was not underwritten, which is partly why the company has reserved the right to issue the additional shares that have been announced in an earlier App 3B. If someone comes along and wants to pay 30c per share for ~122M shares in the next 2.5 months or so, then the company will get the money and the investor(s) get shares.
Ann: Update on Institutional Placement and Entitlement Offer, page-6
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$1.01 |
Change
-0.065(6.07%) |
Mkt cap ! $1.147B | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.05 | 99.5¢ | $9.449M | 9.298M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 64999 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 64541 | 3 |
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