OTCPK:KATFF - Post by User
Comment by
topdopon Nov 11, 2019 1:05pm
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Post# 30336015
RE:RE:Rights Offering: why now and not in 2021?
RE:RE:Rights Offering: why now and not in 2021?
People should read the disclosures. Folks (still) seem to have gone off on a tangent regarding the 5 day v.w.a.p. and Rights Pricing. Issue Pricing is (always) done in the context of the market AFTER a deal is announced. That's how RO'ings work. Read the Preliminary Short Form Prospectus. The deal price will be based on the 5 day v.w.a.p. in the 5 trading days prior to release of the FINAL SHORT FORM PROSPECTUS. Which hasn't yet been released... The FINAL SHORT FORM PROSPECTUS will have all the bullets [ ] filled in. The only thing likely to remain the same is the KAT Total Debt amount being extinguished by the RO and the Discount to be offered per Right (25%). I have already outlined my expectations on RO issue numbers (35 to 50 new shares per Right) & pricing (~12c) and what I will personally do and why over on my SA KvN KAT Blog. Thanks for reading. These are my views only.