The new shares to raise 1.8m will be priced at a 30c or 15% disc to vwap of last 5 days prior to AGM on 19th May, whichever is lower.
So, what's gonna happen? Will there be an effort from the new investors to keep the price down in the next week to maximise their share allottment?
Or will SLT management come up with some announcements that can keep the average price above 35.3c, to minimise the dilution?
