So it wasn't because they are housed in a corner of the event centre bonfire then ... I better rob the kids money boxes in preparation.
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So it wasn't because they are housed in a corner of the event centre bonfire then ... I better rob the kids money boxes in preparation.
Hmm...does look like leaky ship...
Announcement out on ASX...
"Serko is at an advanced stage of finalising a material transaction that includes capital raising and request that trading in its securities to be halted to ensure an orderly market while the terms of the transaction are finalised"
NZ time - per the NZX trading halt announcement/request which left out the second part of the request from Serko for the halt.
Interesting to note that the ASX included the reason (material transaction - likely acquisition requiring a capital raise) for the trading halt but for whatever dubious reason, the NZX left the reason out. Hopeless.
Isn't this positive? I can't explain the share price action of late incl today.
So at what sort of deal will there be here, a SPP or a cash issue and at what sort of deal depending on how much is wanted ?
SPP up to $5,000 at $3.30.
1 for 10 @ $3.30 ?
or whatever ?
Crikey, nearly choked on my evening chardonnay when I saw today's 11% SP drop.
After the initial shock I'm with Balance on this... "I am happy to back the directors and management of Serko - especially when the directors shareholders have put their own funds in with capital raisings to back their judgement."
This management team have a vision and are moving rapidly to put it in place. Roll on Friday when all will be revealed.