PTR 0.00% 2.1¢ petratherm ltd

entropylord, page-3

  1. 1,225 Posts.

    It looks as if the placement was unsuccessful and PTR had to make some rapid change of plans. Hence the suspension. A SPP was the only short term alternative. Since the last SPP was less than 12 months ago the strong believers are limited to at most the balance of $15 000 not purchased previously while the lesser believers probably wont participate. This state of affairs would have prompted the rather low issue price of 24c.

    It is a real pity that a fundraising had to occur at this point but PAR 2 was a very expensive well.

    Juke
 
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