No, like the other 96.25% of shareholders, I didn't take up any of my entitlement. One week before the SPP closing date, MUN was trading as low as 8.7 cents and MUNO was trading as low as 1.7 cents. Whilst the share price did increase in the final days of the offer period, I considered that it was too much of a gamble.
I would prefer to be in a position where I could make a decision this week or even next week, like the directors and sophisticated U.S investors can, but I'm just one of the "mum and dad" investors.
MUN Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held