Ihg report 31.1.05,that of 156 million not taken up,68 million will go to abn-amro as priority sub-underwriters,the balance goes to the general sub-underwriters.Any that the general sub-underwriters dont want can go to the 18 million wanted as shortfall applications.This may not yet have been decided.In any event it looks positive for all holders,once the smoke clears a little.
On the day the rights issued expired I noticed around 20 million being available the last hour or so at 1/10 of a cent.2.6cents total cost,a bargain.Nobody wanted them.(at that time)
regards
IHG
intellect holdings limited
