Now that WHSP are in the driving seat and assuming that they get through the due diligence in 21 days, I can see them offering a fully underwritten rights issue at a lower price say 35 cents on a 1 for 1 basis which will give EOS some $50m cash net. WHSP will take up the shortfall and move from 6% to over 30% and control with no premium. They could then clean out the directors and bloated management and move EOS from a public service style operation to a more commercial one.
Great for WHSP but another blow for EOS shareholders.
Possible rights issue EOS
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Last
$1.76 |
Change
0.015(0.86%) |
Mkt cap ! $339.5M | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.74 | $975.7K | 554.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29564 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 6194 | 3 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$1.77 |
Change
0.015 ( 0.79 %) |
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| Open | High | Low | Volume | ||
| $1.75 | $1.79 | $1.75 | 94115 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| EOS (ASX) Chart |