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.
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Now that WHSP are in the driving seat and assuming that they get...
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Mkt cap ! $279.7M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 3168 | $1.52 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 1001 | 1.480 |
5 | 9324 | 1.450 |
1 | 5500 | 1.440 |
2 | 5900 | 1.430 |
Price($) | Vol. | No. |
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1.380 | 204 | 1 |
1.435 | 427 | 3 |
1.450 | 2208 | 2 |
1.460 | 957 | 1 |
1.475 | 4115 | 1 |
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Change
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