Originally posted by 8horse
Share price needs to be kept at 4c for maximum allocation of $15m.
I expect it to touch 3c - 3.2c range after about 469m new shares hitting the market.
All imo.
Why 4cents? There seems to be no limit set for the number of shares to issue.
Strange thing is the prospectus did not even state the effect of the 20% discount on VWAP and how it would be applied.
I suppose shares would be shorted the crap out of in the 5 trading days prior to issue. Please correct me if I am wrong.