DOW 0.88% $5.76 downer edi limited

After the rights issue concludes they will have 600M shares,...

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    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.
 
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