OCA in trouble today ...Whale needs breathe ...Danger signs for the short term ...Looks like Bull will get his price :D
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OCA in trouble today ...Whale needs breathe ...Danger signs for the short term ...Looks like Bull will get his price :D
SP capitulation coming?
http://nzx-prod-s7fsd7f98s.s3-websit...049/357052.pdf
Excerpt from 15 October announcement:-
I made this section a bit bigger so "rocket scientists" like you can understand it :p Just to be clear Bull, because it would seem you need the help, this was all part of a plan already put in place nearly a month ago so overseas shareholders could get fair value for their rights. Do you understand it now :pQuote:
Under the terms of the Offer, you are not an Eligible Shareholder. Accordingly, you will not be offered any
shares or interests under the Offer and cannot subscribe for shares under the Offer and you will not be sent a
copy of the Offer Document.
This letter’s purpose is to inform you about the Offer. It is neither an offer to issue shares to you, nor an
invitation for you to apply for shares. You are not required to do anything in response to this letter. However,
you may still receive some benefit from the Offer, as described below.
Shares attributable to those shareholders who are not Eligible Shareholders (Ineligible Shareholders) will be
issued to a nominee appointed by the Company which will arrange to sell those shares on the behalf of Ineligible
Shareholders through a Shortfall Bookbuild on 10 November 2021.
Any Premium (as that term is defined in the Offer Document) achieved above the Issue Price for New Shares in
the Shortfall Bookbuild will be paid (with no brokerage costs deducted) on a pro rata basis to those Shareholders
who do not take up their Entitlements or who are Ineligible Shareholders.
Payment of any Premium achieved in the Shortfall Bookbuild is expected to be made on 22 November 2021.
However, there is no guarantee that any such Premium will be achieved.
While this Offer is not open to you, I would like to thank you for your continuing support as a shareholder
read the announcement bull was right
https://www.nzx.com/announcements/382559
big shortfall
They said exactly that in the NZX announcement
They legally had to have a shortfall bookbuild so the small number of overseas shareholders could get value. They called it a "shortfall bookbuild" back on 15 October.Quote:
• the small number of shareholders in those overseas jurisdictions to whom offers would otherwise be
made;
• the likelihood of those shareholders electing to participate in the Offer if offered to them; and
• the costs of complying with overseas legal requirements.
Are you having trouble with the English language today :p
Yes people like me could apply for the issue under the original placement $1.96, the rights issue $1.85 and bid to be part of the bookbuild process. I did all three things. Its not that hard to understand and neither is your motive here. Everyone knows you're just trying to talk the market down, I am simply setting the record straight so your disinformation program is shown up for the deliberate attempt to manipulate the market down that it is.
its a 25% shortfall ..... huge
If we all hit “ignore” on the count of 3, he’ll be posting like a ghost. nothing worse than being invisible…. whose keen?