Everyone should read the below thread regarding a previous CR by this board.
https://hotcopper.com.au/threads/ann-entitlement-offer-raises-2-million.3345735/
It was removed on the capital restructure thread because I abused management. I won't do that here.
Basically back in 2016 our promised/allocated placements were cut short and given to the underwriter. Even tho the underwriter is supposed to be there as a backup in case the spp is under-scribed.
The SPP was oversubscribed!
Who was the underwriter?
Terrane Capital(Ramsden!)
Ann: Trading Halt, page-380
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