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
$1.45 |
Change
-0.020(1.36%) |
Mkt cap ! $279.7M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.49 | $1.43 | $626.8K | 428.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16610 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 957 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.020 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| $1.45 | $1.48 | $1.43 | 46259 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| EOS (ASX) Chart |