They said they would chew it over.
I'm not sure they want to issuing options these days.
Keep the stock tight is the mojo I think.
I reckon the most likely next step is a chunk a stock out to
1. Insto
2. Arabs
3. Royal Group (will pay a premium to go to 19.9%)
However if they go to the public its my understanding that it would be something all shareholders can particpate in.
I think (I may be proven wrong) that they have had enough of what you get in return when you give brokers cheap stock.
Like I said, many options available.
For the record, I pumped for Insto Placement or Renounceable Rights issues (loved that last one)
I hate broker placements with a passion so I shit bag them with everything I have got.
The last shareholder issue was taken up 81% by existin shareholders and HELD. Thats was better than amazing so dont be surpised if they go back again for one of these.
Next time I reckon it will be taken up 90%+
The broker was howling hence why they got that low ball placement which really p*ss*d me off.
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