Merecedes Benz 500 you seem concerned.
The price was set at a level to ensure it got away after speaking to Galaxy and the Underwriter.
I am paying the same price.
It is like the 1 cent price when Galaxy came on the register. That is the price they were prepared to pay and I got the same price although my shortfall money was returned.
This rewards the long term shareholder and those that don't have the money to subscribe they can sell their rights on market and pocket the proceeds.
It is a renounceable issue that is vastly different to the other CRs on market that are underwritten and designed to make shareholders who don't have the cash to forgo their entitlement for no cash.
I admire the company's ethics and approach - that is probably why they are aiming to be a zero waste producer and always report their safety record.
Sell your rights and hang on to the shares they will quickly go back up like when they were 1 cent and now are ???
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