Rights Close off 5.00 pm today I believe .. Do I, Dont I ? ;)
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Good luck everyone, let's hope it's a financial injection for us all.
1.8c close with a few minor holders jumping off the ship, just the brokerage difference to CI price
what will the avalanche of newly minted 1.8c jobs bring ? :)
A slide on new or scant news ?
Maybe with the former Board, but we have a new very focused Board
Fingers crossed for a reasonably successful C R !
Well, we should know on Thursday, that was scheduled day for allotment - NTL, go you good thing!
14-Mar-2023 08:30:06 > MKTUPDTE: NTL: NTL Rights Issue Successfu
http://nzx-prod-s7fsd7f98s.s3-websit...258/390595.pdf
Interesting - if my calculations are correct -
On the 3:5 Rights issue = 191.88m shares offered
Applications for 71.4m + 23.66m OverSubs = 95.1 m
So all over-subscriptions successful
NTL look like they got 49.56% of the maximum amount they were looking for
They said
Whilst the capital raise sought a ceiling of $3.45m, the amount raised is nevertheless substantial enough to allow significant progress. NTL will now also allow applications for shortfall on the same terms as the original rights issue offer and has already received interest in shortfall
So all go and a bright future …best thing was a loyal band of shareholders with a genuine investment interest fronted up and some with even more. The other shareholders are just punters hoping for acquisitions buckwith no commitment to the company