LCG 0.00% 6.0¢ living cities development group limited

Ann: Appendix 3B and Section 708A Notice , page-4

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  1. 2,689 Posts.
    lightbulb Created with Sketch. 39
    PhillIIW! Read the terms carefully.

    "$0.125 per share (Company floor price)"
    "The company may refuse to issue shares if the share issue price is below the Company Floor Price"

    Why would SpringTree (not Springfield) subscribe shares at $0.125 (floor price) & sell at $0.105 making a loss?

    90% or 130%... etc is not getting 130% discount. Read the terms carefully.

    I now returned back buying some shares recently.
 
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