Sorry Dr J - I just realised it is STM not CTM where we share a...

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JandJ

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02/08/18

21:28

Post #: 34697718
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Originally posted by JandJ ↑

This is great news - the only thing I worried about is which thread to put up my modest comment - so I followed the good Doctor.

Firstly I want to say that a non-renouncable Rights issue is a complex way to do a CR - but it is also the fairest way for existing shareholders - for those who do not understand or feel comfortable, it is mandatory that you go on line to the ASX website and learn. While you are there bookmark the places which are of interest or concern so that you can eventually understand all the machinations of the share market.
Trading shares is not just about making good entries and exits - as you will soon learn.

The last Rights issue I participated in was with CTM - Dr J also holds there with me - and the free oppies were just a gift - worth about 10 grand to me and my portfolios. My point - do not - I mean DO NOT - dismiss this because you do not understand or are uncomfortable with the jargon.

One huge downside of a Rights issue for the Company is the need to produce a Prospectus - that is costly in money and time of busy board members - we are very lucky that our board has decided to do it. When you read it you will find all sorts of clauses and caveats which just get inserted - I won't say don't worry about them but just try to see that the Company must cover all sorts of occurrences.

Here is the most important thing IMO

View attachment 1219828

Read it and understand every item - note specially that the Record Date is Wed 8th August - so if you are on the register on that date your shares count towards your entitlement. [Ex Date is the date ICG shares trade without the entitlement attached, so expect a small fall in value that date]

Good luck, great fun and great opportunity. e&oe - IMO DYOR

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Sorry Dr J - I just realised it is STM not CTM where we share a position - cheers, my bad.

ICG Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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Sorry Dr J - I just realised it is STM not CTM where we share a...

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