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clock Created with Sketch. 04/10/17
21:58
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Originally posted by woodie
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This week last year Gage Roads finalized the financial restructuring of the company through a rights issue and a placement of shares for $0.025. it was apparent from the low take up of entitlements (36%) that the majority of small holders did not participate and holder confidence was at an all time low. The share price reflected this as shown on the 10/10/16 with a low of $0.028. The underwriters were left with a huge bag costing them $5.5mil,
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Nice summation woodie.
