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Market Herald Invests $13m In Purchasers Shares

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The itemizing will see 60.9 million shares issued at 20¢ apiece to raise about $12.2 million and 49.1 million shares issued to shareholders of the vendor referred to as Report Card. HotCopper chairman Steve James informed The Australian Financial Review the provide was oversubscribed and that greater than half of the out there inventory under the float was allocated to small-cap institutional investors. The Australian-primarily based, ASX-listed inventory discussion board is a sizzling-mattress of darkish ops investor relations and pump-and-dump operations. In a typically rising market, HotCopper’s investments to 1H19 have been down 30 per cent.

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