Lodgement of Prospectus with ASIC - 7 December 2015
Opening Date of the Public Offer - 14 December 2015
General Meeting - 21 December 2015
Closing Date of the Public Offer - 21 December 2015
Completion of Alcidion Acquisition - 28 January 2016
Issue of Securities under the Offers - 28 January 2016
Despatch of holding statements - 1 February 2016
Expected date for re-quotation of the Shares on the Official List - 8 February 2016
The so called public offer is only open for 7 days. I think that this says it all.
As already mentioned the company already has firm committments for 100% of the capital raise from sophisticated investors (read brokers...is my guess)
Company is relisting as Alcidion on 8 February 2016. If the company re-lists with some announcements of US deals signed in the new year then even 6 cents will be looking very cheap indeed.
BTW. Take a look at how few shares are actually for sale at anything under 7 cents. These shares are very tightly held indeed.
