It would be interesting to learn the reasoning behind any HC poster either not selling their rights or taking up their share/option entitlement.
All I can think is that a lot of shareholders have a negative view on the future direction of the share price and if that's the case then you'd reckon they would be out of the stock.
Is there anybody out there willing to put up their hand and explain why they are holding stock yet didn't take any action during the rights issue?
Stagman
TRF Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held