the game afoot., page-30

Ahh ! Ozblue a cunning plan indeed - So you are going to be a rights trader - fair enough if you bought 1m rights in the 2 week trading window 20th of November to the 4th of December with the AGM happening during that period or you have a big swag of free rights from your current holding and the heads were out of the money - eg trading between $2 and $2.50 and then the heads rose to $3 before the 4th of December closing date you could indeed sell the rights at a profit.

However if you want to retain the free option you will have to be holding the rights at the end of rights trading (4/12/13 ) if you had 1m rights you will have to come up with $2.5m a week later on 11/12/13 - even if the heads were $3 you would have to sell a shipload of your current stock to get the cash to replace them with new option entitled stock.

Disclaimer - I have never shorted any stock in my life as I have stated numerous times - Yes Charlie CDU will be commercially selling NCU and commercial NCU mines are indeed as scarce as rocking horse poo :)


hOOt