grandbridge to underwrite bph capital raising

in the event of bob healy finalising his $4.5m MMR investement, grandbridge will underwrite the bph capital raising announced yesterday

GBA may have to underwrite up to 63m shares worth $5m

where will they find the $5m?

BPH capital raising goes ex-entitlement on 5 August and closes on 31 Aug

it seems all quite fast for GBA to do their own capital raising, especially for the reason of financing BPH

how many would subscribe in such short time, for such a purpose?

my guess is possibly new investors may be announced on Monday

20m new GBA shares issued for 25 cents each is my guess

what do we all think about this BPH capital raising?

the timing is certainly unusual

pretty quiet today on the threads