RE: Merits of Dev Clever16 Aug 2020 13:29
Am I right in simplifying the Intrinsic subscription as a set of pre-arranged `placings`at a pre-arranged price of 10p?
I know they`re not described as placings but they pretty much have the same net result, ie the company receive the funds, and the subscription shares are added to the issue total.
So the first tranche, as of today, are added at a higher sp than current, and then assuming the that the prospectus, and ongoing news gives the sp a positive move, then the subsequent tranches will be a bonus for Intrinsic at a lower price of 10p.
Anyone with a better understanding is welcome to make things clearer.