APC 0.00% 0.1¢ australian potash limited

News: APC Australian Potash Announces A Renounceable Rights Issue To Raise Up To About $5.2 Million..., page-10

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    Well the fact that 4.2 mill is underwritten by Pattos is pretty susbstantial isnt it?
    It means Patersons lose money below 7.5- 7.8 or somewhere arounnd there (they obviously make on the fees- they get some options etc). 4.2 mill is a lot to drip feed out at around that price in order to just make money via the fees! If this is what you are suggesting.
 
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