ok, I read it as the "new" shares were 1:7 allocations but that there was sufficient applications for shortfall shares to reach their $14m target. And in fact that more people wanted the shortfall shares but they had to cap it at the maximum allowable amount.
Have I understood the announcement correctly?
News: 88E 88 Energy Says Applications For New Shares Raises $3.6 Million In Rights Issue, page-2
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $59.97K | 28.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 385 | 448921908 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 577454273 | 149 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |