well its clear - or as usual 'smokey clear' as per the norm with rma.
they will list the new shares mid aug 14 days after the closing date of new shares - assuming holders approve at an egm and they find new and very brave punters!
most legit coys would continue trading up to that point so the market can take into account any dilution and reflect this in the market price of the stock, not rma, they will stay suspended until post the listing of new shares, not advise their full financials etc - why - so they can try to get 5.3 cents/share.
if they traded prior to the new listing of 30+m shares, my bet is they would get somewhere around 2 cents/share.
potential investors read the exposure period words well, the writer has warned you - the info in the prospectus may have "deficiencies"!
i hear there's a roughy at randwick this week - probably a better bet! buyer beware with this one......
well its clear - or as usual 'smokey clear' as per the norm with...
Add to My Watchlist
What is My Watchlist?