Case Study: BDG
4th Oct - Shares Trading at 1.145
5th Oct - 3:5 $0.80 Rights Issue announced for Shareholders at 5pm on 7 Oct. (under trading Halt)
7th Oct - Lift of trading halt - shares open at 1.07, trade in range 1.03-1.11 close 1.10
8th -28th Oct - Trade in Range of $1 - $1.145
28th Oct - Close of retail component of offer.
The rest is history...
Billion Dollar Question - What is PNA going to do...?