Also "...has secured A$12.6m million from new and existing institutional and sophisticated investors via a Placement of approximately 14.8m new CHESS Depositary Interests over Kleos ordinary shares (CDIs) at A$0.85 per CDI (Placement).
Proceeds from the placement will fund the launch of future satellite clusters and to scale up Kleos’ data-as-a-service offering. The Placement includes a cornerstone investment of A$5m from Perennial Value Management."
So PVM are noted as contributing A$5m of the total A$12.6m & Thorney don't get a mention as to how much! This is actually sounding pretty ordinary, as it implies a lot of shares were issued to existing investors (not us). That means it is likely the "rat pack" have got their hands on even more shares and control of the company. I hope I am wrong! I'm reviewing the situation .....
KSS Price at posting:
95.5¢ Sentiment: Buy Disclosure: Held