RBY
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0.00% 0.9¢ rockeby biomed limited

Bad news IMO.If shareholders allow this, Dr Tan's syndicate,...

  1. adz
    263 Posts.
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    30/09/08
    23:40
    Post #: 4330328
    Bad news IMO.
    If shareholders allow this, Dr Tan's syndicate, underwriting the "Rights Issue" at 0.675c (that will not be accepted by shareholders or the market when you can purchase on-market for 0.4 - 0.5c) could end up with 2/3 of Rockeby initially - Rights issue + Placement. Add the 1,481,000 options and Dr Tan will own 80% of Rockeby for $1,000,000.

    No thanks, good try knob.
    RBY Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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