Trombone, they have made a minimum subscription amount of 35 mil to try and give some security to shareholders putting more money in. 35 mil is the minimum RED think they need to get out of jail. If they didn't have that minimum and only got 20 mil from the raising then they would probably still go broke and all the extra money you put in would be lost too. At least this way those shareholders who put more money in will get that money back if the minimum to avoid disaster is not met.
ann out rights issue to recommence prod , page-50
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