Ann: Notice of Sale of Forfeited Shares, page-12

Hi Sasa

Kosenar was hoping at the last Notice of Sale of Forfeited Shares back in 2014 that the high reserve meant there was an announcement coming. note False9 reply

 

Interesting,
We must be getting an announcement!
The auction has a minimum price set at 2.2 cents per share.
Things could be looking up as many of us expected.
Here's hoping.

 

False9 reply

Kos,
as you may have gathered over the last few weeks things happen behind the scenes and we don't always understand why.
I would be pretty confident in saying that the reserve is at 2.2c for the following reasons:
1) to ensure that those shareholders that have supported the company at 2.2 in previous placements are not disadvantaged..
2) To preserve the price should another private placement be done pre deal IF it doesn't come pre Christmas.
3) Given a large multi national is finalising a transaction IF it includes funding or part funding via a issue of capital I would be very confident is saying that any previous placements/share issues will impact on the negotiated SP for a issue of capital.
It could mean the difference of 2 or 3 cents per share extra for us. If that is how it goes I would prefer say 6 over 4, 8 over 6 and 10 over 8.
Cheers

 

https://hotcopper.com.au/threads/ann-notice-of-sale-of-forfeited-shares.2406384/