@Kevberry @bdigii
That is what I thought and only want to get some confirmation. The next question is why was it not underwritten in order to provide some guarantee to the allocated amount from a raising?
Whether fortunate or otherwise I too have committed taking a longer term view of the project at hand. Obviously in the interim, the SP was at risk to manipulation helped along by the market volatility in the sell off triggered by Trump tariffs and responses between them. I presume last Friday was the last practical day for the holder's decision to make sure funds are physically transferred to the company's bank account to subscribe to the SPP?
If my guesstimate of the 'cut off' date is correct, the SP is now back to trading post SPP and all the late decision makers including myself would have made up their mind post Pres. Xi speech? Just looking at dates to gauge if the SPP was a success. No doubt we will hear from management on the % of take up.
Add to My Watchlist
What is My Watchlist?
