"How does a non-renouncable rights issue effect options holders? Sounds like bad news for options holders (which is myself)"
You need to convert your options before 30th September as you then become elgible.. good way to force option holders to convert.. and raise more funds...
My money is on a booming aqnnouncement to counter what will be a dump if they dont...
Cheap options may be on the cards if they dont follow up with above....
They must have good confidence in what they have to pull this now...
Good luck holders..
RT
Ann: Non- Renounceable Rights Issue , page-8
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