BLT 0.00% 2.6¢ benitec biopharma limited

best outcome, worst outcome, page-18

  1. 681 Posts.
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    "An investor or group of investors buys 40% of the company through the issuing of new shares. No existing shareholders participate. The same investors buy a further 11% of the company on the open market." (Hoyland)

    If there isn't much interest from existing holders (we really need that over-subscription to be comfortable) in the subscription offerings, this scenario (or similar to) may very well eventuate. I will be keeping my eyes on discretionary director holdings as well, to ensure I know where "anticipated" holdings are sited!

    One has to assume that this $7M isn't coming without some knowledge of what the future of BLT technology has in store. Buckle up... Its going to be a bumpy ride ahead!

 
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Currently unlisted public company.

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