AJQ 3.13% 3.1¢ armour energy limited

Ann: Accelerated Non-Renounceable Entitlement Offer, page-37

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  1. 89 Posts.
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    I don't mind this raising too much, I think the temporary blip down in the price will last about 2 hours, but I do have a question I can't see a clear answer on.


    The shares go ex tomorrow and come off halt tomorrow. So in theory I could sell my shares tomorrow and buy the entitlement and apply for additional shares to fill the shortfall. Do I read the dates correctly?

    Yes I know there is a risk that my application for additional shares won't be filled, so it would not be a riskless strategy. But it could be a risk worth taking.
 
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