I am in the bid stack now, as I said earlier if I can get 4...

I am in the bid stack now, as I said earlier if I can get 4 shares for 37.5 and rights issue is 3 for 37.5 .( 3 for 30 , plus 1for 20) then I'm ahead, gets to 20c. .I'll be over a bag up.
Once peeps work this arbitrage out it will be soon over 10c IMHO.
Guess it all comes down to whether you believe jz asx releases or not?
Personally I do.
Usually pretty safe buying down here, makes me laugh. . .A year ago people couldn't part with their money quick enough at 40c, now we're much further a long people throwing them away in the 9s. . ..You couldn't make it up!
Gltahs tc