RE: 32,000 posts later....22 Jun 2021 18:26
Its a good job, they were able to sell all the ads because, if they couldn't sell them at a near 20% discount to the share price at the time, then that would have been a disaster. Should be some easy profits, for the people who have bought these at a discount, but, lets hope it now gets noticed in the USA, and that we get a bumper next quarter.
I think they will easily absorb the rest of the ADRs. In fact personally, I would prefer it if they didn't, but, I suppose its more cash in the pot. I just wonder what they have got up their sleeves for the cash. Pointless raising it, if they have not got an idea what they are going to use it for.