The announcement today about U.S investors' commitments to take up $2.725 Million surprised me. I guess someone has some faith in Mundo. The SPP allotments and commitments to date are;
Existing shareholders allotted 3.75%.
Directors and Senior Management commitment 6.9%.
U.S investors' commitment 54.5%.
At the time of writing this the share price is;
MUN 9.8 cents.
MUNO 3.0 cents.
The SPP price for one MUN and one MUNO was 12.5 cents. The market values these at about the same price. So I don't think anyone who participated in the SPP will be upset at the moment.
The announcement today about U.S investors' commitments to take...
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