Taking up your rights?, page-43

Originally posted by ronstieb

That method requires that you sell at or above 1.8cps, then buy back at 1.8cps through the RI. I assume you dont want to buy them back for a higher price than what you sold them for, unless you're a very loyal and supportive shareholder...

Its already trading at 1.8c and I dont see much on-market demand now, let alone to absorb a wave of selling from those using your strategy.

Ronstieb,

i am amazed your post got a couple of likes and even someone saying great analysis..

"I assume you dont want to buy them back for a higher price than what you sold them for, unless you're a very loyal and supportive shareholder... "

your above statement fits in where exactly ?

if an existing holder who cannot increase their 88e exposure (due to personal risk and or monetary reasons) but has rights shares available, dumps onmarket at 1.8c or higher an equal value to their rights shares, then takes up their rights shares.. hence ensuring no shortfall coming from them, no related negativity for 88e later on, and instead ensuring those not in but wanting to be, maybe paying a higher price onmarket if there isnt much shortfall )