MAE 0.00% 0.0¢ marion energy limited

placement, page-8

  1. 2,913 Posts.
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    The company received commitments from Sophisticated investors. That does not mean any money changed hands.
    The money was owed a few days after the Annual Meeting.

    Not unusual for the issue of shares after placement to be a few days late.

    Some sophisticated investors could have gone AWOL..
    and they need the full commitment before the shares are issued. If there is even a small shortfall in the Cap Raising post commitments it causes problems.
    Hopefully for the company this will be resolved within the next few days, which it normally is


 
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Currently unlisted public company.

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