the more i read, the more i worry, page-116

bluemonday

rio has structured this entitlment offer is such a way as to NOT reward shareholders who held on June 5 in any way

NORMALLY an entitlement should have only been offered to people who bought shares up to June 5

secondly these original shareholders should have been allowed to to apply for more shares than they were entitled to

instead the scum at RIO did this

1. they extended the record date.
they allowed non shareholders get in on the entitlement offer so that people can buy from June 5 up to June 17 and still be eligible for the $28.29 shares

2. they restricted the number of shares an investor can buy to just their entitlment
shareholders can not apply for more than their entitlement

why didn't rio do the normal thing?

the reason why is because they couldn't give a stuff about the original shareholders

It doesn't matter who they are as long as they get their money