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  1. #21
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    Quote Originally Posted by Ferg View Post
    Can anyone see how the shares on issue went from 14.47m per the 2020 annual report to 100m per the Product Disclosure Statement?

    Yes - a share subdivision - see clause B of the 15 Sep 2020 resolution - link to pdf on Companies Office site


    https://app.companiesoffice.govt.nz/...DDF1E726B829A4


    "The Company proposes to undertake a share subdivision pursuant to section 48(c) of the Companies
    Act 1993 and clause 7.1.2 of the Company’s constitution, at the ratio of 1:5.882 Shares with fractional
    entitlements being rounded up to their nearest whole share (Share Subdivision). The share capital of
    the Company (on an undiluted basis) will increase from 17,003,096 Shares currently on issue to
    100,012,225 Shares on issue as a result of the Share Subdivision."



    This increases existing holders stakes (before subdivision) up to 5.882 shares for each one held before

    At least this method of existing holders obtaining / creating vendor value doesn't put additional intangible balances
    on the company balance sheet, even if it does represent creating a mere $41.5 million (at Float IPO 50c level)
    windfall bonus for the earlier stakeholders, be that locked in or whatever, subject to the market winds..


    There have been other Share Capital increases before this in March, May & June 2020 -

    "Update shares" on the following coys.co.nz page refers to these -

    https://coys.co.nz/:entity?no=648409...CIENCE+LIMITED
    Last edited by nztx; 08-10-2020 at 12:32 AM. Reason: add more
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  2. #22
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    Pretty heavy scaling on the Sharesies applications ...

    Thanks for taking part in Rua Bioscience Limited’s Initial Public Offering (IPO) through Sharesies!

    The IPO received really strong interest—the total amount that was applied for is more than the amount we have available to allocate. Because of this, we’ve scaled back everyone’s applications. To do this fairly, every application has been scaled by 27%. For example, if you applied for $100 worth of shares, you’ll only receive $27 worth of shares.

  3. #23
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    Thanks but something not right with the maths there.$100 worth of shares x 27% - =$73 worth

  4. #24
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    Quote Originally Posted by Baaarney View Post
    Pretty heavy scaling on the Sharesies applications ...

    Thanks for taking part in Rua Bioscience Limited’s Initial Public Offering (IPO) through Sharesies!

    The IPO received really strong interest—the total amount that was applied for is more than the amount we have available to allocate. Because of this, we’ve scaled back everyone’s applications. To do this fairly, every application has been scaled by 27%. For example, if you applied for $100 worth of shares, you’ll only receive $27 worth of shares.
    This would mean they receive 27% of what they applied for?

  5. #25
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    The maths is fine. They should've said scaled to 27% rather than by.

  6. #26
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    Thanks , a big difference and looks very positive for a great listing.

  7. #27
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    Quote Originally Posted by shazam View Post
    The maths is fine. They should've said scaled to 27% rather than by.

    What was allocated was in fact only 26.624% of what was applied for via the Sharesies broker allocation by my calculations

    No public pool could make listing day very interesting for RUA on where the SP then goes..

    Obviously there are a pool of Gisborne locals who may have been entitled to a small preferential IPO take up
    which could make for a large Registry book to look after all the rats & mice holdings
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  8. #28
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    Is there a prospectus available?

  9. #29
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    Quote Originally Posted by baaantom View Post
    Is there a prospectus available?
    No doubt there will be one, its part of the IPO process.

  10. #30
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    Quote Originally Posted by baaantom View Post
    Is there a prospectus available?
    All information here: https://app.companiesoffice.govt.nz/...60185980847251

  11. #31
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    Quote Originally Posted by Sir Ten View Post
    Excellent, cheers.

  12. #32
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    Looks very promising especially for the locals, great to hear, heres hoping it thrives for them.

    “Listing on the NZX later this week will be a special milestone for Rua, its people, investors and the East Coast community and we look forward to the journey ahead.”

    New Zealand Pharmaceutical company, Rua Bioscience has closed its Initial Public Offering and has successfully raised $20 million from a combination of retail investors and a small number of New Zealand institutions.

    The company has confirmed its Priority and Broker Offers were well oversubscribed, ahead of its planned listing on the NZX this Thursday.
    This has meant that most applicants into the Offer are likely to have their applications scaled to some degree.
    A Priority Offer was made available to Tairāwhiti residents, existing shareholders in Waiapu Investments Limited and other people closely associated with the business. The remaining shares were offered through a number of broking firms.
    Shares will be allotted on Wednesday 21 October and Trading is expected to open at 11:00am on Thursday 22 October.
    Rua Bioscience Chair Trevor Burt says the level of interest in the Offer reaffirms the confidence of the investor community in Rua’s focussed export-led strategy, clear path to revenue and proven ability to execute on its strategy.
    “This is an exciting sunrise industry. We have the advantage in New Zealand of our medicinal cannabis industry being at the leading edge, not the bleeding edge so we can learn from the more mature markets, while drawing on New Zealand’s horticultural heritage in developing valuable plant genetics IP. This will underpin Rua’s ability over time to develop diverse revenue streams along the value chain from plant genetics and agritech to the development and international sale of pharmaceutical grade cannabis products.




  13. #33
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    the three year-old company has yet to sell any dried cannabis flowers or secure a cultivation licence, and that there is not enough information about its main distribution agreement with German firm Nimbus.


    Potential new investors are not in a position to evaluate the revenue or margin those sales might generate and there are no financial forecasts of any sort in the product disclosure statement.
    For clarity, nothing I say is advice....

  14. #34
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    A longer term story if one wants to go along for the ride.
    Heres the crowd funded one from green fern ,they are throwing big 2022 carrots in there. The REEferendum will help both if its positive

    Greenfern Industries Updated Information Memorandum

  15. #35
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    Are shares available from tomorrow?

  16. #36
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    Offer Timetable

    • Priority and Broker Firm Offer opens - 5 October 2020
    • Priority Offer closes - 13 October 2020
    • Broker Firm offer closes - 16 October 2020
    • Settlement and allotment - 21 October 2020
    • Expected date of quotation & trading on NZX Main Board - 22 October 2020

    All dates mentioned in this release are indicative only and are subject to change.
    For clarity, nothing I say is advice....

  17. #37
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    Any guesses on what RUA will list at & reach tomorrow ?
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  18. #38
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    it would be great to see an exciting IPO. but I've not invested. Way too risky for me.
    I cant understand why they have so explicitly ruled out the recreational market but they have. Possibly there is only real money to be made under the guise of health. well mantle if not guise.
    They have stated they will lose money for two years and havent even got a product yet , estimated 1st half ' 21, so lets say August 2021 before any real revenue.
    But because cannabis is popular with investors at the moment and probably even more because that other cannabis company had their share price shoot up to crazy levels this will go pretty well I reckon.
    I'll punt that it will go to 78 on IPO day
    For clarity, nothing I say is advice....

  19. #39
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    CBD hype + Sharesies is sure to see this stock pump today, but I'm sure it will be met equally with a massive dump. Some quick gains for those who got in early. I do not hold any shares and am not interested in taking a gamble on this one. I don't see how they can be profitable.

  20. #40
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    High bid .64

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