fun times ...but free money?

Guess we will see Insider on this tomorrow as no one does it better.. (and back from the sin bin)..

With rights trading tomorrow and only for a short time, I am tipping pretty interesting times.

KEY will not have gone to this effort without due consideration of outcomes (for a start it is more work and secondly opens up critique if they fall over).

Thought thru logically, they need the rights to be converted or they dont get money.. a pointless exercise.
They could have just done a non-renouceable issue at 11c and many (if not most) would have taken them up.

To make them renounceable is to add a layer of adrenalin to the exercise..

For whose benefit is it?