Hi Elliot - looks like they covered off the re-compliance costs associated with the transaction in the recent ann:
"On 11 December 2015 the Company announced its intention to fund general working capital costs, and the re-compliance costs associated with the proposed gridComm acquisition by way of a 1:5 non-renounceable rights issue at 1.2 cents per share to raise up to approximately $636,000 before costs. The Offer Document was released to the market on 17 December 2015, and despatched to shareholders on 31 December 2015. On 20 January the market was advised that the issue had closed, with entitlements accepted of $339,210, and that the shortfall had been heavily oversubscribed."
...re cap raising for GComm vs shares issued we shall have to see how this all falls out in the wash - they handled the EXM transaction pretty well in my book - perhaps something similar? - we shall see![]()
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- Announcement - 24th March 2016
Announcement - 24th March 2016, page-10
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