SKT Sky Network Television Limited.

[Ogg]

Pretty standard is actually 3% to 5% of an issue. The shortfall shares were allotted to 'new' investors, similar to underwriters in effect = 18%. Rather close to 20%, don't you think? Effect is same as you now have 18% of shares issued at 12c.

New investors cannot sell yet as they will only be allotted their shares & start trading on 2 June. Unless they are shorting the stock.

Retail investors will only get their shares on 16 June - 2 weeks later! So retail investors will have an interesting 2 weeks to watch the price action before they get their allotment and shares.

I have $9.1m placement + $12.3m shortfall = $21.4m total / by $157m X 100 = 13.6% are "new investors" or 7.5% as a percentage of market cap.

Are we splitting hairs here?

There was shorters working KMD after the placement. Probably derivatives happening too.

https://www.shortman.com.au/stock?q=kmd

As a retail investor you have the advantage of de-risking now then and waiting until June 7. Extremely unlikely it goes sub 12 because of the retail investor allotment.

[Ogg]

OUTSIDE BROADCASTING LIMITED
32 employees
$224,947.20

What are you saying? That Outdoor Broadcasting Ltd isn't part of SKY?

Come on now. You're just throwing stones.

[see weed]

Yippy yi ya , sold all my shares today.... this morning on open and a bit after at av 22c. Only had them a bit over a week and made about $14,000 loss. Lucky I only had 2 small blocks of 40,000. Got caught up in all the hype, you know how it goes. That is the third time this year I have bought into SKT and made a loss, thought third time lucky... but no.

[see weed]

Agreed. If management never bothered to buy and shares over the last couple of years (and there would have been windows of opportunity) then they shouldn't get to participate now, especially given the way the deal has been structured at 1:2.83.

It is absolute bullsh1t, and a black mark against them unfortunately.

I am not going to die in a ditch over it or anything. It is done now and ultimately I am focussed on the future performance of the business, but it is a good reminder about the rat cunning that can go on in the Board Room.

As investors, we put a huge amount of faith and trust in the people who run our businesses. So it is natural to feel some disappointment in the team when you read about things like this.

They sound like a pack off Baskets

[Ogg]

Only had them a bit over a week and made about $14,000 loss.

How is this even possible?

[see weed]

How is this even possible?

Easy, I paid av price of 40c for 80,000 and sold them for av 22c ps you can have my Retail Entitlement Offer if you like, don't think I can be bothered with this crap.

[uravgtrader]

Ouch! Why not wait it out?

[see weed]

one the shares are issued and the price spikes to 23c again like it did today, there will be plenty of profit taking to ruin those who actually actually bought this company while it was low. Can't believe directors diluted and ruined these shareholders this blatantly.

Agree, If you did that in some countries, you would get the bullet. Luckily I believe in karma, so am not too worried

[ba9]

Easy, I paid av price of 40c for 80,000 and sold them for av 22c ps you can have my Retail Entitlement Offer if you like, don't think I can be bothered with this crap.

I am in a similar situation to you. Can anyone please confirm, if i sell my shares tomorrow, i will still have access to the Entitlement Offer. Thank you.

[Balance]

Easy, I paid av price of 40c for 80,000 and sold them for av 22c ps you can have my Retail Entitlement Offer if you like, don't think I can be bothered with this crap.

Don't get angry, sw, get even.

Take up your entitlement - all 226,400 of them at 12c - $27,168.

You will have little downside at 12c - more likely, the exuberance by the likes of Ogg could see you get 2c to 3c gain (post allotment) on them before the sp heads back lower - that's still worth $4,500 to $6,800 to offset the loss you have taken so far.

If you can short the stock, that will be even better as it looks like you can get around 17c for them currently - so you recoup $11,300+.

Hate to see anyone take a loss due to the unfair way the capital raising has been done to favor institutions & 'new' investors.