This is a pretty disapointing anouncement. Retail shareholders are the core of this company and we were left out of this share purchase plan. Not only is the 28 cents a large discount but on a fully diluted basis they issues shares at 25.5 cents. (a price i'm sure most retail investors would have purchased at or atleast given us an arbitrage opportunity).
Ordinary 13,303,571
Options 1,330,357
Total 14,633,928
Cap raised $3,725,000
Price - ord 0.280
Price - Diluted 0.255
placement at 28cents, page-5
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
