"Because the rights issue is non-renounceable, and it cannot be known with certainty, which shareholders will take up their rights entitlements. The effect of the issue on control of the Company and the consequences thereof will depend on the particular shareholders who take up their entitlements and the parties to whom any shortfall is or are allotted".
Looking at a solid future. ROL's large projects will be fully funded, with still a tiny class issue. It's the only way to raises funds, because there are not enough shares on the market to sell to the larger shareholders who want MORE!!!
They surely would know the shareholders, who will take up the offer, which may change control of the company. Very positive indeed, before some awesome results and updated JORC is released to the market.
E.
ROL Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
