AVX 0.00% 2.5¢ avexa limited

buying, page-51

  1. 143 Posts.
    does anyone know  what following sentence mean?
    ""The SPP is being partially underwritten by Mr Jonathan Lim, the Company’s largest shareholder. In the event that there is a shortfall in total application moneys below an amount of $500,000 Mr Lim has agreed to underwrite the SPP to the extent of the shortfall but limited to a total underwriting commitment of no more than $250,000 of New Avexa Shares. ""
    Last edited by hotdat: 24/11/14
 
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