The simple bottom line is that there was absolutely no need to place 173 million new shares to sophisticated and professional investors at 25 cents (principally of Sprott Capital Partners - a division of Sprott Private Wealth LP).
This was done as a reward and pay-day to Sprott for their support - pure and simple - end of story.
Sprott make a ton of money out of this, and WAF gets Sprott's support and promotion in North America.
Sprott will also probably be involved now as a consulting company with regard to any future takeover.
To make any real money here, you need to be a registered sophisticated or institutional investor with Sprott.
This is how the game is played, and always will be.
Gw
Ann: Capital Raising Presentation December 2018, page-54
-
- There are more pages in this discussion • 166 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WAF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.50 |
Change
0.000(0.00%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.51 | $1.45 | $5.086M | 3.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20144 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 57608 | 3 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
