Here is the last Cap Raise by STU to get them out of the Cactus repaying Wholesale Debt at the time:
https://www.nzx.com/announcements/322841
27/8/2018, 9:25 am GENERAL
Steel & Tube Reminder to Shareholders about Rights Offer
Steel & Tube Holdings Limited has today reminded shareholders about the closing date of the $60.1 million, pro rata, 1 for 1.9 rights offer, which closes at 5.00pm on Monday 3 September 2018.
That done, the favourite beancounter's new creative exercise on 'Right to Use' Assets & liabilities
went a significant way to going back towards the original position before the CR ,stuffing relevant ratios
with meaningless inflating gumpf in process & RTU Term Liability of near the same amount as repaid created ;)
Give or take $5 mil, the Cap Raise in the 2019 First Half (6m to 31.12.18)appears to have been all but completely obliterated
within just the next three reporting periods, looking at closing SHF's totals