re: underwriters happy to pick up lots of shares My guess for what it's worth:
I reckon Ms Ling Gu is the principle underwriter. She already holds about 13.1% of the stock and has a director on the board (new Chairman).
About 19% of the offer was taken up. That leaves a shortfall of 81% or approximately 40% of the issued capital of LIO. If Ling Gu takes up the shortfall then she is going to be a big, big shareholder.
The offer was only open for a short time and the Company did not extend it, as they might do if desperate.
Is a takeover in the air???
will the lion roar, page-13
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2.1¢ |
Change
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Mkt cap ! $10.48M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1485 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 64712 | 1 |
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