QOL queensland ores limited

So why is the company propossing to issue 50 million shares at...

  1. 622 Posts.
    So why is the company propossing to issue 50 million shares at 12 cents to BBY clients & only 21 million to QOL shareholders .Why isn't it the other way around .I mean , it is certain QOL shareholders will be scaled back & likely only get a third of the $5,000 worth .It goes without saying that existing shareholders would have taken much more at the deeply discounted level of 12 cents .WHAT WAS THE COMPANIES LOGIC IN DOING THIS ? Just be careful BBY clients don't sell them down , i saw this happen with FOX Resources after a placement to outsiders , & they were also a producer. It is a possiblity QOL might trade not much more than 12 cents after the 70 mill issue as there wont be the level of demand there is now before qualifying for the issue & there will be a lot more shares on offer .50 mill shares will also be in the hands of persons who wont have the level of commitment that existing long term holders presently have .Your money , your decision , i'm out & won't be participating , because I think it more than likely that i will be able to pick them up for 12-13 cents after the issue.OR EVEN LOWER , PERISH THE THOUGHT Remember just recently one could have bought qol for 12.5 cents to 13 cents after the issue was announced .
 
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Currently unlisted public company.

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