AVX avexa limited
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does anyone know what following sentence mean? ""The SPP is...

  1. hotdat
    143 Posts.
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    24/11/14
    13:45
    Post #: 14342134
    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
    AVX Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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