I'm really pleased that some mega-brains at buddy have decided to issue at o.10 instead of 0.05 as originally proposed.
A 10cents CR halves the potential dilution that was in the pipeline
and improves the near-term opportunities to raise more capital at higher levels going forward......
Buddy mega-brains have obviously enjoyed the market response and activity on POK before pitching the entry level for CR ....
So well done all you PIs' in moving the market !!.........
Still not quite sure where the old for new option substitution fits into the picture.......
I was hoping they might extend the 20cents POKO's for 6months from 30th November if ASX rules allowed but looks like that's not going to be.....
Just Reading [and Printing] Pages 16 - 41 Section 6 - the interesting bit !!..... imoho.....
GL - Oilf.
POK Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held