Paragon Care Ltd ("PGC") - Healthcare upside!!

[percy]

Contemplating my minor "toe in the water" shareholding in this Company and their offer currently open to retail shareholders at A$0.725.

Fully underwritten, so I assume that's why share price got down to, but not below the offer price of A$0.725 during the market turmoil of the past few weeks?

Institutions took up their allocation of A$44.8m. Now it's the retail holders turn with $25m being sort.

Entitlement documents are in the post... I was not over confident about the efficiency of delivery given the 'shortish' offer period (closes 26 Feb), spent sometime this afternoon finding my personalised offer document on the Paragon site... now navel gazing as I consider picking up my entitlement and whether I attempt to add to that holding by applying for up to $25,000 (that's 34,482.75862 shares @ A$0.725) additional shares.

Thoughts??

Percy... I assume you're in boots and all??

No.
The first half was not up to what I expected.
A lot of talk they will catch up in their second half.
With a lot more shares on issue, I can't see see that happening.
I very much doubt an acquisition ,or organic growth increasing their eps.
Therefore I am sitting this capital raise out.
That said I did hear the intos were scaled heavily.
I did point out to the company NZ shareholders do not get enough time.
NZ post blames Australia post,Australia post blames NZ post.!
Last cap raise they did, the company secretary got their share registry to email me the form,which I then emailed onto Craigs,who took them up for me.
ps.