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5.9¢ msm corporation international ltd

Because they're letting current holders first crack at the deal....

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484 Posts.

23

17/05/18

13:36

Post #: 33163261
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Originally posted by Maverick1975 ↑

Why has the placement to Riva not been completed and an Appendix3B released.
It was announced to the market as "Placement to Cornerstone Strategic Investor...."
Typically such announcements highlight a completed transaction...not that a transaction is being contemplated.

They have already "subscribed" according to April 18th annoumcent

This was seperate piece of business to the HoA for Megastar India

Why no money?

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Because they're letting current holders first crack at the deal. If there's any shortfall then it will be placed to Riva, and if there's none then they'll contravene a meeting to seek shareholders approval to issue the extra shares.

Documentation of the entitlement offer is already submitted and just waiting on ASX to release..

MSM Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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