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Based on MAE announcements it appears 2 placements and over...

  1. davo22
    4,837 Posts.
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    27/09/10
    12:24
    Post #: 7246794
    Based on MAE announcements it appears 2 placements and over 400mil share will be issued. If it was only 1 placement then over 230mil shares will be issued. Either way that is one heck of a lot of shares that will most likely be looking for a new home as I would not expect the sophs to be hanging around as long term holders. Could put a lot of pressure on the shareprice when they are approved.
    MAE Price at posting: 4.3¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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