Correct, it’s not necessarily at a discount to VWAP, but if you have a look at what happens with mezz loans to Aussie speccies that’s what is typical. Magna Equities and OGX, ERJ for examples. Why pay high interest and dilute? Well, atm all the buyers in total don’t equal the first seller in the queue. And 15,000 shares have dropped off the buy side since last night. What price could they raise at?
PM8 Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
