researcher 100, read my post and Clause 10 of the underwriting agreement. Patersons now have the right to withdraw from the underwriting agreement; and no doubt they will unless the SP moves to srongly bid at .125 or higher. Failing a strong bid I suspect PLA may vary the rights issue to 10 cents to put it away. They need the funds to ensure that management continues to be paid.
PDYOR
5m shares crossed after market close, page-3
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