Yes today is the last day of the VWAP calculation. From the last announcement it looks like Dr Fu will be buying at 21c (or not at all).
The second tranche of the placement will place up to 20.24 million ordinary shares at the higher of (a) 21 cents per share or (b) the VWAP for the 20 trading days to 30 April 2018 to raise $4.3 million and is conditional on HKAI’s satisfaction of its due diligence including a site visit which was conducted in early April 2018.
TIE Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
