CR Designed to be Successful

I have warmed to this CR by Lepidico Ltd and have come to the conclusion after doing some figures that it has been designed very well - and will be successful. This I mean it should pull in all the $8 Million.

My analysis of the figures and as I see it  -   Total number of shares - 417,877,165 on offer @0.019 Cents
* Underwriters are committed for - 157,894,737  @ 0.019 = $3,000,000.00
* Leaves a balance of only - 259,982,421  @0.019 = $4,939,666.00

Who are going to take up the balance ?
*The Top 20 [ as at 30 June 2018 ] -  are entitled to - 177,965,605 shares
*Rights brought on market to date Friday 14.09.18  approx  - 35,000,000 still 2 more days to go before close.
   say there is a last minute rush to sell - maybe another 25,00,000.   Lets say 60,000,000 overall.
* If Top 20 take up all their Entitlement and the rights that have been brought are taken up -
then this comes to approx 237,965,605 shares! Leaves only 22,016,816 for the remaining Shareholders!

I guess you would have to agree that this CR is looking good on paper!      

My guess is that the full amount will be pulled in and you will have NO shortfall shaes available - unless the Underwriters gives you some!!

Come finish of CR - October 2018 - Lepidico should  have plenty of $$$$$'s to do what they have planned for!  

DYOR -