madness, page-5

OK , seeing as no-ones has slagged me , i'll spell it out as what I would personally do - but i'm not advising anyone - this is just what i would do . If i owned shares i would sell them all the way down to 4 .( If you want (but I wouldn't because i recon they might get cheaper than 4 ) buy enough rights just to cover shares you had )Don't pay till last minite- arrange electronic transfer with company -if possible. Beause you see you mightn't want to pay them up ie if it were to go below 4- ie your not obligated & you got them for virtually nothing . PS i don't know why Comsec is sending out contracts with the total paid up figure , because it's renouncable ie your not compelled to take them up -you can just let them lapse .So just buy enough rights to cover the shareholding you had . Sit & wait for their next move. But one things for sure -at this time - they seem to be having a lot of trouble getting away a measley 108 mill issue.