There were 10m rights bought on market between .01c and 1c ! only 6.5m yet only 2.5m rights in total were converted i - someone who went the the AGM posted the Chinese major holders were going to take up their full entitlement.
The top 3 holders were entitled to around 12m rights - Oceanwide wanted to go to 20% they would have got 5m rights for free and could have easily bought another 5m rights on market sub 1c - I will be interested to see how many of the 2.5m rights converted O.W actually took.
$79m shortfall, page-6
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