NXS 6.67% 24.0¢ next science limited

shortfall on rights issue, page-2

  1. 1,496 Posts.
    lightbulb Created with Sketch. 29
    if you bothered to read the anns, it was actually only 26,526,920 shares shortfall, the rest were the proposed directors who were entitled to subscribe for 31,499,305 shares but "forgo" those shares.

    Kind of a tricky thing, because even though they forgo the shares, they are the underwritters so they still buy them.
 
watchlist Created with Sketch. Add NXS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.