KEY 0.00% 0.1¢ key petroleum limited

keyr - looks like 21/7 is the date. , page-3

  1. 1,089 Posts.

    No probs Surandy70,

    Agree, what a stuff up indeed.

    It basically means that if you do not intend to take up your entitlement and you do not have a good broker, you have 7 days to sell your rights on the ASX, a bit of a joke really. (that's on the proviso that they are there on the 21st! )

    Anyway, as you say, if you one of the many who I believe will take up the offer it does not make any difference.

    In saying that, it still should be a "fair" offer for all shareholders, not just for the ones with cash to accept.
    It could be a very interesting 7 days, with plenty of action given not everyone has the cash to accept the offer.

    Cheers
    R
 
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