Well if you want to compare max with max then they aimed to raise max of $37.9m and still have to place up to $22.4m meaning that they raised approx $15.5m out of a min amount of $30mn (under the entitlement offer). So roughly 50%...
Not sure how else you can look at that to be quite honest...
WHA Price at posting:
$1.40 Sentiment: None Disclosure: Not Held