LOLwell for a start change the thread title, its 6.5million...

LOL

well for a start change the thread title, its 6.5million dollars, the 32.5million shares means nothing, its the value thats important.

next, its not a bookbuild, this is a shortfall allotment, the shortfall is theirs as they FULLY underwrote the rights issue. That means they needed to have the finacial capacity to take 100% of the rights issue - the LEG portion. They may well of had other sub-underwriters, if so they formed part of Azure's financial capacity to FULLY UNDERWRITE the issue.


so anyway, what do you base their financial capacity on? or rather your knowledge of their financial capacity?
do you really believe 6.4million dollars is a big commitment from these guys?