Ann: AWB successfully completes equity raising , page-14

re: Ann: AWB successfully completes equity ra... "If the formula takes account of all the variables, then this is inconsistent with policy being at company's discretion. And therefore the company would be lying in the prospectus if it said that."

Really? How do arrive at that conclusion? Not inconsistent at all.

The shareholders had a right of 1:1 and nothing further. Any further allocation is at the company's discretion. That doesn't mean it isn't already decided, you don't have the right to know.

Welcome to the world of share trading.