re: Ann: Non-Renounceable Pro-Rata Rights Iss... All we know is they have some confirmed orders.
We have not heard if they have begun to supply those yet.
Then there will be payment terms: 90+ days at least.
They need cash to tie them over until then.
Rights issue and contribs conversion.
They want regular holders to take them up - not to be relying on 3rd parties to step in for shortfall.
Ann: Non-Renounceable Pro-Rata Rights Issue - Rev, page-25
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