JC,
Looks like a break time going by the email I got today from the company urging me to take uo my rights issue plus some more if I can afford or want to!!
From: Jason Davis [mailto:[email protected]]
Sent: Tuesday, 19 October 2010 10:31 AM
Subject: URGENT: Rights Issue & Shortfall
Dear Arafura Pearls Shareholder,
Recently you should have received some correspondence from Arafura Pearls regarding an entitlement issue being made to existing shareholders to raise $5.88m.
The offer is being made at 1.5c per share with a 2:1 free attaching 5c strike option. Pursuit Capital value the shares at 5.7c each. You can download the research note here.
To avoid disappointment, please make sure you take up your entitlement by no later than 26th October 2010, but preferably earlier.
Shareholders who only have a small interest in the company might want to take-up their entitlement and consider buying shortfall shares should they be available.
***To discuss the merits and risks of the company, and/or to apply for shares beyond your allocation, please contact me via email or phone ASAP. I am a stockbroker with Stonebridge Securities.***
Regards,
Jason Davis
Regional Head Perth / HomeTrader
A first LOL
make or break time coming up..., page-10
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