Quix, At this stage the Directors have to act in the best interests of the shareholders. Halving the Rights Issue, will acheive the same financial results now that BYI is gone and its more likely to suceed. Limiting Primes increase stake,and rewarding those that have held through this wild ride.
The turnover since ex rights is @ 35 million shares and we still have till the 16th to go. And while its sub 10 which is about to end (imo) existing holders are buying in lieu of the RI. So its make sence to have it as it cannot possibly be fully subscribed, and thus a gift to Prime.
Wouldn't it be nice if it was Lachlan that took the big parcel today.
Cheers
Oscar
So much for ANZ's orderly disposal!
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
