After the rights issue concludes they will have 600M shares, they raised about $1b to spend $1.2b on spotless shares, and on opening their SP is down $2, $2x600M is $1.2b
They have lost $1.2B before they even spend the money.
Wow - a mega disaster in the making, page-23
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| 2 | 11134 | $5.73 |
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