PCK 3.70% 2.8¢ painchek ltd

Ann: Underwritten Share Purchase Plan to raise AUD $2.5 million, page-41

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    I'm not sure zz. I don't understand why they didn't use the 5 day VWAP price at the time of the SPP announcement as the issue price. I haven't seen this before. Must have been the advice of cannacord but i don't understand why. Strange timing for another webinar this week. We just had one following the quarterly. Seems like a mess to me. 3 CRs in one calendar year. Why not just raise $10mill on one raise? Dogs breakfast this stock.
 
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