You aren't reading it right warenie.
7.2 shares for every one held at 0.1c - i.e one tenth of one cent.
Currently trading at 0.3 cents.
15 BILLION new shares to be issued. Must be some sort fo record.
I would think NAV must have tried selling out of KRE to raise some funds, but obviously no takers.
the effects of nav's failure/rights issue, page-2
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