Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This is becoming routine. After hours on on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is Myanmar Investments (MIL) where directors are putting in at least $725,000 ( a good sign) as it seeks to raise $3 to $5 million at $1.18 - a 9.2% discount to its closing price on Friday.
I am not going to comment on this placing as I know sweet FA about this AIM listed Myanmar focused investment company with existing investments in the telecommunications, microfinance and pharmacy retail sectors
The offer will be open until 5.00 p.m. on Sunday 18 June.
The point about PrimaryBid is that it allows we private investors to get in on such placings as well as the City spivs and forward sellers.
As you know if those who sign up to use PrimaryBid via a link here like this one, take part in one of its offerings we get a small commission which goes to support the high quality journalism here. So natch I am supportive. But I also support PrimaryBid as a way of closing down the bucket shop discounted placing way of funding AIM stocks.
I am not recommending that you go for this offer or that you don't as I simply know jack shit about this company But if you want some Asia exposure you can take part by joining PrimaryBid HERE
And if you have no interest in this offer join anyway as one weekend there will be an offer you want to go for and I might not be here to flag it up! So join NOW HERE
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