make 75c on every share you buy now, page-24

mmm been pondering this further & 99% convinced that the thoughts outlined in previous post are correct & apprecieate the further thoughts from other posters which if ead in total tend to support:
-currently LEI are trading with the entitlement "intact"
-LEIE are for shares that do not carry the entitlement and if you accept the offer your balance can be sold as these

For the life of me I do NOT understand this process; a more logical process IMHO would be if the "entitlement" shares were given the "E" suffix up until the offer closes and the remaining shares just traded as LEI.

Further I consider this to be inadequately detailed in the Bidders Statement with some details NOT explained at all. I would be "fithy" if I had sold the 5/8 of my holding as LEI prior to "accepting" on the understanding that I was getting $22.50 for the 3/8 whereas as I now understand it you get $22.50 for shares "held by you at the date your acceptance is processed (even if different to the no. stated above" (extract from Transfer and acceptance form.)

All in all I am sure some holders will have got this WRONG and its a balls up IMHO.

So on to the serious issue of is there a 4 to be made out of the stuff up?

The howler may be to put a buy order in for LEIE at whatever you think is a great price because as guy from Share advisory explained it sales are likely to start when peops decide to sell their balance. mmmm what is that "great price"? As a starting point I am tempted to put a large Buy order 1c above the current very low buy for LEIE (COMMSEC & IG DOWN at mo but I think its $15 something??) as a very conservative try to pick up any sales "at market?

I will read the forum over w/end for any updates/opinions from others.

PS practisingaccountant , not sure of yr query as it appears to be answered in the previous posts

cheers g