re: Ann: Update Announcement on Capital Raisi...
"Prestige Glory has given firm commitment to subscribe the entire amount of the placement, while ZYL plans to approach other new and existing sophisticated and professional investors to participate in the placement.
To the extent, other investors participate in the placement, Prestige Glory's obligation to subscribe to the shares will be reduced.
But Prestige Glory will retain the right to top up its subscription for shares to 280,000,000 shares to the extent that other investors take up the placement. "
PG is unable to buy the amount they ideally require on market without sending the SP through the roof. This is an opportunity for the few remaining brave retail investors out there who are prepared to punt on this anomaly.
HWK Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held