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clock Created with Sketch. 26/08/14
16:37
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Originally posted by DreamCatcher
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Ggc17, we have to see if the deal with BSP is going ahead first. The final due diligence was supposed to take two weeks from the last announcement, so that is this Wednesday the 27th. If all goes well, there will a $2m loan provided to the Company by BSP followed by a placement to BSP to take them up to 19.99%.
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Dreamcatcher just wondering if you can answer a question for me. If BSP already hold 19.9% how can they underwrite the rights issue. If their holding exceeds the 19.9% won't they be obliged to make a take over bid?
