Ceh
Thanks for the reply. It gave me an opportunity to learn something about takeovers and exceptions to the 20% rule.
Do you really think the SP will be capped at 18 cents if the main supporter of the RI is MR?
He isn't going to buy shares to get free options and then drip feed shares into the market. This isn't going to be a flick for sophisticated investors.
Ann: Prospectus for Non-Renounceable Pro-Rata Rights Issue, page-68
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