ex rights - 24 sept 2009, page-10

Wow didnt see this happening, was wondering why so many posts on BCN when I just jumped on now. Sneaky little move by the company hey! So ex-rights this thursday hey? And then record date 30th Sep. So people have two days to purchase shares to participate, if they dont already own shares. I participated in a rights issue recently with MMZ and the price on ex-rights day doubled because it was a two for one!

So lets say a lot of people have shares around the .031/.32/.033 area so if they take up their full entitlement they would end up with an average price of around .027? So maybe after record date 30th Sep the share price may full to around that point maybe less.

But the next two days considering half the stock was bought around .033 could see the stock climb to that or more considering the more shares you have the you can get at .022!

Is this possible or am I off the mark here??
I wouldn't imagine the price would drop tommorow then or the next day?

Good work Wise_One! I think if you wanted to sell then wait until Thursday for the best price. Is that right? I may be off the mark again.

Comments welcome because I own a stack and dont have enough money to by my full entitlement.

Thanks
Chris