Ann: Air NZ updates on capital raise timing and liquidity, page-179

AN UNBIASED OPINION

ITS PROBABLY FAIR TO SAY A LARGE NUMBER OF RIGHTS HOLDERS MAY NOT TAKE UP THEIR RIGHTS AS IT IS GOING TO TAKE FUNDS WHICH PROBABLY ARE NOT AVAILABLE

RIGHTS WERE ONCE A FREQUENT STOCK EXCHANGE ADDITION BUT THE MOVE TO OFFERING DEALS TO INSTITUTIONS ENDED THAT .i WOULD ASSUME THERE IS AN OLD STATISTIC BURRIED SOMWHERE THAT WILL GIVE YOU AN IDEA OF THE LIKELY UPTAKE IF YOUR GOING TO PLAY THIS GAME

TRADING IN THE RIGHTS HAS A HIGH PROBABILITY OF EXTREME VOLITILITY AS THE PLAYERS MAKE THEIR MOVES BASED ON WHAT THEY THINK THE COMPANY IS WORTH AND WHO WILL CALL THE OTHERS BLUFF IN A DEGENERATE GAMBLING SPREE

TIME WILL TELL AND PUMPERS AND DUMPERS WILL BE HERE TILL THE LAST DAY OF RIGHTS TRADING NEVER TO BE HEARD OF AGAIN