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!![]()
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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 -
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