(ITE) ite.
Yep this "rights issue" --Prospectus by 30 May or whenever--(yeah right)-- is agenda driven.... not cash need driven...
-This is especially the case and so; --(ie: a smoke signal)-- if my hypothesis on their (ITE) landing the formalized contracts through these next few weeks is on the money...
Whatever--more shares mean more "options" to buy at a discounted 28 cents plus a freebie later--butthe math do not add up...
If share price is say 45 cents ++ then it will oversubscribe in about 5 seconds flat!!--which further underlines waht I originally said about strategy, signals and strategy--and putting the first steps of a multi-bidder--repeat--multi bidder-- auction into play.
-Final point--this would folow the strategic history of (ITE director's) Steve Simpson--prevous seel outs--and famed deal/s ... yeilding mega bucks to Steve and Co-- from the past--$$$$---!!
Kindest Regards,
Robbo.
- Forums
- ASX - By Stock
- rights issue
ITE
i.t.& e limited
(ITE) ite.Yep this "rights issue" --Prospectus by 30 May or...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries