AVX 0.00% 2.5¢ avexa limited

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

  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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