CDU 0.00% 23.5¢ cudeco limited

Ann: Letter to Shareholders Re Rights Issue , page-4

  1. 1,049 Posts.
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    GFM or anyone else, are you saying that if you purchase one share $2.50, you receive one more for free?
    As I read it, and I'm clearly not sure here, you can purchase 1 share @$2.50 for each 6 shares you currently hold, then you will have the ability to purchase one more share per the number you bought @ $2.50 up to 31 Dec 2015, I appreciate there have been a few explanations of what is occurring, also I make a distinction between the actual mechanics of what will occur and this is what I am unclear about, and then the possible reasons/interpretations around what is occurring which i have no view on, I would appreciate clarity in Janet and John language if anyone can be bothered, I'd find it a great help, thanks
 
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