CVI 0.00% 0.3¢ cvi energy corporation limited

entitlement issue, page-4

  1. 20,451 Posts.
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    no consideration for shareholders raks, they could have done a 1 for 4 or at worst 1 for 2 & raise enough to keep them going until markets calm & the sp can be pushed higher to raise funds again, instead they have taken the option to dilute the life out of CVI & stuff holders completly.

    And who can even trust the underwriting agreement as they have converd themsleves to exit if conditions are not met:

    "The Offer is fully underwritten by Pinnacle Capital Management Limited. However, "if the terms and conditions of the Underwriting Agreement are not satisfied, or a termination event occurs", the Underwriter may terminate its obligations"


 
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