TRF 0.00% 1.9¢ trafford resources limited

underscubscriptions announced tomorrow, page-2

  1. 1,376 Posts.
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    What percentage of the rights sold on market?

    Theoretically you'd think that most shareholders who didn't sell the rights did so on the basis that they were going to take up their full entitlement in order to receive the free attaching options.

    Then again, a lot of investors with small holdings probably didn't bother to sell their rights because the income generated wouldn't even have covered brokerage.

    The sp is bound to recover in the weeks ahead on the back of some positive announcements.

    I purchased shares/options for the first time via the rights issue and look forward to participating in the future success of the company.

    My guess would be 25% shortfall.

    Stagman



 
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