A long time after anyone paying by BPAY or mail would have had to pay up. Jeez, I delivered the form by hand at 4:50 to minimise the risk that my cheque would get presented that day, and I still missed the news.
So what are they up to ? The scenario permutations are mind-boggling.
According to macquarie, the VWAP last few weeks has been 26c and the outloook for the more legit tier of REITS has been quite strong. A 30% profit not to be sneezed at. Compare to the QBE SPP fiasco for example.
So do macquarie want more or less for themselves? They are promising to underwrite MORE for themselves, but they also want more retail to cough up ??? Or they want another week to short the shares themselves ??? Whats the real scam here ?
Some information: I paid up on Monday. Since they are actually encouraging shareholders to oversubscribe, I CALLED THEM today and asked if I could buy more. They told me, yes I can.
MOF Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
