this raise was clearly all about speed and maintaining momentum... virtually set a price you know is gonna be fully subscribed grab the quick cash and keep moving...
SPP would been drawn out but I'm sure they could of got full subscription even at 30 cents with 1 for 2 attaching options by current holders
obviously they went for speed and as retailers we all feel ripped off, but speed may be key rather then a bit of dilution after all "time is money"... may mean bulk product gets out to offtakers sooner, other works in parrellell keep rolling and DFS stays on course for mid year
I will reserve judgment for a while and see how this plays out..
Ann: TMT Share Placement Completion, page-21
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
