The results of RTR's (PH's new FT gig) recent heavily-discounted...

The results of RTR's (PH's new FT gig) recent heavily-discounted ~$3m SPP raising were announced this morning. 35% overall acceptances, including Shortfall Acceptances and also the small underwritten portion. That 35% was basically comprised of ~18% die-hards who applied to roughly double their take-up (via Shortfall applications). The vast majority -- 65% of existing SHs (remembering this was a SPP) -- simply abstained/boycotted.
PH was putting a on brave face by suggesting strong interest from a number of broking firms to assist with placing the shortfall. Right.

To be fair to RTR, at a current 3.8-3.9c SP it does have a little more wiggle-room to further discount in order to raise more. POS? Not so much.

This has material implications for POS's impending discounted sub-1c raising attempt in the new FY.

PS. Not a holder of either, nor interesting in becoming so. Simply reporting interesting observations of two minnows who share one common feature.