Martin Jetpack

[Frostwind]

The Initial Public Offering ("IPO") for Martin Aircraft Company Limited (“Martin Aircraft”or “Company”) was due to close today; however, Martin Aircraft is in ongoing discussions with a potential significant investor into the IPO, and while there is no guarantee that the investor will ultimately subscribe for shares, the Board considers it prudent in the circumstances to extend the offer for a further two weeks to allow these discussions to continue.

The IPO will now close at 5.00pm (Sydney time) on Friday 12 December 2014. However, the Company reserves the right to further extend the IPO, to vary the terms of the IPO, or to close the IPO early or at any time without further notice to any applicants. The Company will advise the revised issue date for shares, date for despatch of holding statements and ASX listing date once the IPO closes.

It is the Board’s current intention to immediately close the IPO if the significant investor subscribes for shares during the extended period.

This is their original announcement, with all the extensions it just doesn't pass the sniff test. Looks like they failed to secure enough investors, even at 40c.

Any bets on where it'll end up at IPO close, 1M post IPO and EoY (IF they manage to get the IPO off the ground at all)

My bet, IPO day close - 38c
1M post IPO - 29c
EoY - 18c

Let see who can get it closest, we should keep this thread