View
Will there be a rights issue?
Asked by Phonner on 20 Feb 2015
Relates to Providence Resources, Oil & Gas Producers
Yes: At twenty five pence
Yes: At twenty pence
Yes: At lest than twenty pence
No: Things will go on as there are
No: There will be some sort of bond issue
No: there will be an extension of existing debt
No: there will be a buyout by another company
There wont be any rights issue at 25 pence. Institutional investors who own majority of shares would laugh at this. To raise 25millionyou would need to issue 100m shares. I.e hand over 60%of Providence for25m. This is not going to happen. Believe there isa concerted effort to pressure Providence. Believe Todays RNS is also a way for Providenceto tells Sequato get a move on or Providence will raise funding for spanishpoint and leave Providence on burner until serious interestcomes along