$15,000,000 to split among gestimate of 6000 shareholders.
Considering that if only 5000 take up the maximum $15,000 offer.
And who wouldn't mortgage the wife to apply for the maximum.
Then there is only $3000 for each shareholder to buy shares at 38c each.
Will be lucky to get 7895 shares.
Offer will NOT close early as a posse of shareholders would be heading to Perth.
Considering that potentially 5000 shareholders send off
A total of $75,000,000 for their maximum allocation.
The company has the money for a month or so before it has to refund
the over-subscription of $60,000,000 to out of luck shareholders.
2% interest earns at least $125,000 over the run of the offer.
More than enough for the champers and capers.
Better to be a friend of a friend or a sophisticated investor and get a chop at the discounted $150.000.000 parcels.
Go figure.
$15,000,000 to split among gestimate of 6000 shareholders....
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Last
$2.91 |
Change
0.015(0.52%) |
Mkt cap ! $8.759B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $3.03 | $2.84 | $104.6M | 35.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 178519 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 114602 | 67 |
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| PLS (ASX) Chart |