So Pdy's notation on Page 3 of their 5B -
*Note: The company is expecting to receive $2 million for a share placement as announced to the ASX on 22 March 2016.
Does this mean that they have received $414k (as shown at 1.15) of the $2mil announced, or is the notation incorrect??? Should the notation more correctly read - "..is expecting to receive a further $1,586,000 from the share placement as announced to the ASX on 22 March 2016."
The activities report reads -
"The Share Subscription Agreement is irrevocable and binding but issue of the shares is subject to payment of the total subscription price being received into Padbury’s Australian bank account."
Does this imply the $414k is part of the $2mil? Confusing.....
Might make some inquiries.....
PDY Price at posting:
0.7¢ Sentiment: None Disclosure: Held
