c/r, page-37

OK, so what is the difference between the ex-entitlement date (in this case 6/9) and the record date (12/9)?

Market seems to likes this move. Similar to the Silverlake (SLR) CR recently announced, the SP has risen when trading resumed.

There are just under 100M shares available under this offer, and obviously these are not enough to satisfy the market demand. Holders want to increase their holding by 11%, and still hungry for more. 9000 shares bought today will cost $990, add your 1000 entitlement shares for another $90, and your average is 10.8c (not including brokerage). I wonder how many of today's buyers are new holders coming on board to be a part of the CR?

Nearly 4M shares (equiv 4% of the new issue) traded in less than 40 minutes at a VWAP of 10.7c.