any idea what the hold up is with the issuing the balance of tranche 2 from the placement ?
they planned a placement of $2.5m and entitlement of $2.5m [which the details are not yet set]
for the placement tranche 1 [199m shares] was fully issued 27 Jul then vote approves tranche 2 tranche 2 [216m shares] 105m issued 21 Sep, and 69m issued 4 Oct
there is still ~41m shares to be paid for and issued in tranche 2
"Several of the Company's directors and key management personnel currently intend to participate in Tranche 2"
assuming the majority of tranche 1 went to "investors including international and domestic institutions"
what's the hold up and why ? anyone know who's dragging the chain ?
QPN Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
