Why not Equity Raise Instead of HKEXSeveral equity raises have been done in the past, most if not all were above the prevailing share price.
The 2016 HKEX equity raise was proposed at 20 cents.
From the documented statistics provided in the 2022 HKEX , I reversed engineered those statistics to arrive at a equity raise price of 25 cents....this post is still there.
The statistical slop of my 2022 estimate of 25 cents would include 20 cents so that is probably the equity raise price in 2022 as well.
Majestic is way ahead of its fundamentals when previous equity raises were made and would attract many subscribers.
This may be the outcome of the failure of this most recent HKEX.......this week should be interesting
So,