Instos playing games here. Expect the share price to be capped where it is currently trading untill the equity raising is complete.
Why?
Because at these price levels it is cheaper for retail investors to buy on market rather than taking up their entitlements.
By not taking up your untitlements leaves Warburg with a larger sharesholding in TPI because they are the underwriters of the retail capital raising (this means that all entitlements not taken up by retail investors must be bought by Warburg)
With Warburg in charge the corporate governance of the company will dramaticaly improve and people will once again trust this business.
Again this is a medium to long term investment.
TPI Price at posting:
$1.18 Sentiment: Buy Disclosure: Held
