Farmboy I'm not sure if anybody is going to pay up more than 10 cents for the rights unless the company brings out unbelievable news in the ensuing period. That would still mean the company and my holdings have been diluted.
I'm not sure what your asserting to in these posts, if your so bullish about these types of raisings why is it that the company asserts to it in a way that basically means that if you haven't got the funds to take up all of your holdings then you will probably be worse off. Will see if things pan out positively after all the dust settles but, in my view the jury is still out on this being done in the best interest to shareholders who can't afford to pay for the new shares.
good money after bad ? , page-8
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