RE: CalidusToday 09:06
I'm going to wait for the facts before casting my full opinion, but optically it looks like a cluster f*ck by management, even if the outcome is potentially positive.
A hypothesis I have is that it was broadly done and dusted, refinance agreed with a small share issue to Macquarie as additional compensation on making the deal, hence it being included (wrongfully) in a presentation pack.... Macmahon and Alkane got wind of the share issue and wanted in to maintain their positions, imposing a further delay - and were probably a little miffed that they hadn't been communicated with prior/during the refinance cycle.
Up until the suspension notice, sophisticated investors hadn't received a capital raising invite from Euroz Hartley, so I don't think it *was* a full, planned capital raise, initially, hence my hypothesis about existing major holders.