IVZ 4.60% 9.1¢ invictus energy ltd

Ann: Invictus Energy Entitlement Rights Offer Opens, page-133

  1. 7,183 Posts.
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    Or buy exactly the same thing on market for 24.5?
    2 shares for 20c plus one option for 4.5 , where you're 30.5 from is if the market price of the heads was 13c too?
    It isn't, current value (your words) of heads on market is 10c, you're paying 3 c extra per share x2 to get a 'free option'.
    Would you and David be interested in a game of poker with me?
    Tc
 
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