The conditions of the (final) prospectus were that the option issue is underwritten but also included the additonal condition that they (the underwriter) have 30 days to place any shortfall.
That is how I read it. When I rang the company they also confirmed the shortfall is underwritten by the underwriter.
Unless there is some bonza announcement forthcoming (or indeed access to additional information on earnings etc) they will struggle to place the shortfall. But that is underwriters issue not WHN's.
QFY Price at posting:
1.8¢ Sentiment: None Disclosure: Held
