tradeable rights issue asx code: frer

Will be interesting to see what occurs when shareholders receive their prospectuses this week (posted out tomorrow).

Am amazed this stock hasn't been sold down AND also amazed by the non-trading in the FRER's. One could only assume:

1). very few shareholders understand that they currently own AND can trade their entitlements (due to the prospectus being sent out tomorrow)

OR

2). most understand they have been issued their rights and will be coughing up extra cash very shortly (ie since no one is selling their exisitng stock out).

Will be interesting to see occurs when rights trading nears an end on Tuesday 28th April (next week).

Cheers,
The Sparkler