Just had word that the ERH placement was THREE TIMES OVERSUBSCRIBED...as per someones earlier post they have decided to raise $7million instead of $5 million due to the huge demand.
I also believe it is primarily institutions with the majority going to:
- Thorney holdings
- Bligh Capital
- a Hong Kong fund
When a placement at a small discount to SP is that popular, I start to get excited.
Cdchi1
Just had word that the ERH placement was THREE TIMES...
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