UNT 0.00% 1.6¢ unith ltd

I’ll tell you what also cost you market cap and dilution.The...

  1. 22 Posts.
    lightbulb Created with Sketch. 22
    I’ll tell you what also cost you market cap and dilution.
    The company was offered through their mandated broker 2m at 2 cents a share plus a rights issue.
    Nothing to do with Nviso (guess they needed someone other than Blake to blame ) - My understanding is that Peak just wanted a board seat which is fair for that ticket size.
    Question to the Board next time you speak with them - Why did you turn down 2m at 2 cents?
    And apparently there is a dispute over a break fee because they went elsewhere and raised at 1.4c.
    Doubt the company will admit it but why don’t you go and confirm this with Peak.
    I guess that’s what you do to ensure a cushy board fee.
 
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