Point me to the part where I said anything specifically about the "rights" issue. We are talking about this capital raise and the take up.
You can in fact apply for more than your right, and that happens regularly during raises. This one is no different. You are trying to use an excuse that blue chip companies don't get 100% take up on the best of days. That simply isn't true, scale backs are a frequent features of desirable capital raises. This is not one of them, so that part at least you are correct about.
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