a cr can cut both ways - if indeed it is a ratio for existing holders eg. 1 for 5 with attached options etc etc.
then profit takers just plain miss out.
if you have zero stock - then you get 1 for 5 of zero.
Of course if it's institutional only and someone got out at a price and the price goes below that - then, yes, they can profit.
In the recent S2R - that move got you done like a dinner.
the mistake to make with CR's is to see them generally as a bad thing ----------- the reality is - many times - certainly in good companies or companies that have good projects - then CR's are a very good thing.
Pinto
- Forums
- ASX - By Stock
- BRB
- Ann: Trading Halt-BRB.AX
Ann: Trading Halt-BRB.AX, page-20
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online