AMM 0.00% 1.7¢ armada metals limited

Back to the original point: why were we retail investors shut...

  1. 4,656 Posts.
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    Back to the original point: why were we retail investors shut out of the deal?

    I can think of acceptable reasons.  I'm awaiting an explanation from the company.

    Column 1 Column 2
    0 1 The money is required more quickly than a general rights offer would permit.
    1 2 The amount of money required is too small to justify the costs of a general rights offer
    2 3 The money is required for a take-over bid for a target that would be obvious to the market if the details of the required capital became general knowledge, and in the interests of preventing a bid-up of the target's share price the capital was raised privately.
 
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Last trade - 19.00pm 29/03/2024 (20 minute delay) ?
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