Sophisticated Investors

  1. 635 Posts.
    MIM's annual report in the mail today.

    The explanatory notes in relation to the placement of shares in Feb. 02 (placement to be voted on) states under the heading - Categories of Allottees :
    "Domestic and International Institutions and 'Sophisticated Investors' bla bla."

    Boy, I'm happy not to be one classed as one of these 'sophisticated investors' who paid $1.30 as share !

    Sorry folks - I see my error. Should have posted this under the HC heading of 'humour'.

    ps. the other funny side to the placement is that MIM ended up not having a need for the funds (A$338mil) for the intended purpose - buying Moura.
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