that’s a bit of a stretch Hoy - why not wait till the deal is confirmed and use the raising capacity (without shareholder approval) to raise at a much higher price? You say because the deal is uncertain? If they really wanted to raise more money they would make the leak (uncertain or not) more credible to get more bang for their buck. The current share price and the raising price are laughable and the amount to raise is just for corporate (salaries) to appease angry shareholders at the forthcoming AGM.
I remember you mentioned a friend many months ago who thought Hep B was coming done the pipe. What does he say now.?
BLT Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
