Petra Capital acted as the Lead Manager and Book Runner of the placement for ’institutional & professional investors’. Right. Looks like nervous Nellie’s to me.
They sure as hell didn’t offer the shares to existing retail investors.
And now they want us to vote in favor of refreshing the 15% limit. Yet, this time around they have almost 30 million in the bank. This means, there is enough time to organise a capital raising, if necessary, which can include every current shareholder, if they choose to participate.
Cross Trade, page-6
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$1.30 |
Change
-0.095(6.83%) |
Mkt cap ! $271.0M | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.42 | $1.29 | $1.015M | 761.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7975 | $1.30 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 5196 | 1 |
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