Originally Posted by
t.rexjr
It was written...
I don't see the raise as a screw up at all... The board acted in the best interests of the Company. Revising the placement price upward was made possible by eager investors. You'll likely find about the same number of shares were issued but the difference in strike price netted more capital... If punters coughed up $$ to early that's an issue for the punter, not the company. It's one of the few instances where shareholders interests and the companies interests don't align. The whole point of having a listed company is to access capital. Job well done
I'm expecting more softening to come. That's a hunch, no agenda. I've a small holding to keep my interest...