Well, he was going to get his money regardless.
He should have said that Goldman and Forsyth Barr are pleased with us all. They get to snap up the large shortfall at a tidy 12c/share.
Printable View
"Approximately NZ$12.0 million of new Shares not taken up under the Retail Entitlement Offer have been allocated to the underwriters or to sub-underwriters procured by the underwriters."
100m shares at 12c to be given to the underwriters and sub-underwriters. :eek2:
Will they hold or will they bail when they get their shares?
Yup with the 2nd great sell off underway this will head south in the near term.
Where's Ogg