As always I expect the share price to keep above the .002 issue price but collapse down after the final dollar has been counted.
There is two ways of looking at this, one is pre-consolidation, their share price is .006 and they have made an offer of .002 OR two post-consolidation, their share price is 60c and the issue is for 20c.
Ann: Renounceable Rights Issue , page-10
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