Quote Originally Posted by silverblizzard888 View Post
Looks like everyone is better off after this captial raising.
Company has enough money to expand and pay down debts
Shareholders who took up entitles get a premium on their entitles at current market prices.
Shareholders who didn't take up entitles get 25% (or 2 cents per entitlement) for their rights.
Don't forget the institutions who took up the rights in the book build at 10c for an overnight book gain of 30% at the closing price of 13c. I say book gain because it may be difficult to offload a lot of shares without impacting the price.