Pacific Edge capital raising unfair to retail shareholders

Pacific Edge's capital raising is like an old slapstick movie. (Image: Getty)

Tue, 26 Oct 2021

Pacific Edge's capital raising reminds me of one of those old slapstick movies.It certainly was chockablock full of lessons about how not to raise money.That's if a company has any interest in keeping its retail shareholders happy.When the company was faced with an embarrassment of riches, with retail shareholders offering $80 million for just $20m worth of shares, the company did decide to take another $3.5m.That was just 17.5% of the original amount sought.When demand exceeded the supply of the earlier $60m placement to institutions,...

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