Capital Raise & LSI deal
Why has no one stated or discussed the obvious - the Long Street Investment share equity deal struck in January this year (asx ann 27thJan 2015)!!!!!
Under this sweet little deal LSI were paid in shares & free options to underwrite capital raisings up to 20Mill but only in 1Mill bites over the next 2 years. Golden boy Brad loaned them 4.5Mil TON shares for the duration of the deal & may in my simple mind provide short selling opportunities for the LSI syndicate.
Any way under this facility TON has the ability to set a minimum share price so I would assume we are talking a price between around 37c to 50c?
Any views or comments would be appreciated more than silly irrational exuberance.
Cheers & good luck
Miangel
Pre-capital raising analysis, page-14
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TON (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.25M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1603920 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1663091 | 4 |
View Market Depth
| Last trade - 07.02am 30/09/2024 (20 minute delay) ? |
| TON (ASX) Chart |
Day chart unavailable