It is "partially underwritten".
This is not about raising capital to enhance the profitability of BFC. This is purely an effort to dilute shareholders in order to win the vote at the upcoming AGM. The new shares will be issued only a few days before the adjourned AGM.
ASIC doesn't seem to care about the average shareholder. Too busy trying to exist to be able to do anything.
There is a strong chance BFC shares will be below issue price once the AGM is held. That won't worry some.
It is "partially underwritten".This is not about raising capital...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BFC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.991M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| BFC (ASX) Chart |
Day chart unavailable