Seems like a way of raising new capital that is very fair to existing shareholders and also gives the new shareholders an exit-at-NTA option in 7 years, which might lead to the securities in both companies trading at closer to NTA than they otherwise would. I like it, but the market today doesn't seem to... am I missing something, or has the new/novel nature of it scared people off for no reason?
Ann: Letter to Shareholders - Entitlement & General Offer, page-4
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$2.28 |
Change
0.010(0.44%) |
Mkt cap ! $1.062B | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.30 | $2.26 | $882.6K | 386.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34706 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 9738 | 2 |
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