I reckon if it stays below 2c and SHAREHOLDERS option to buy at 2.03c expires in 2 weeks without anyone taking them up for obvious reasons, we may see an underwriting offer at current prices by institutional investors because what moron would take up rights issue now
if they lower the offer then it will only drag current shareprice down further and they would look like twats doing that after they already announced deal
also those NTLO options are currently stuffer even at .001 with 2 months till expiry
Ann: Annual General Meeting Proposed Changes to Constitution, page-25
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