Ann: RENOUNCEABLE ENTITLEMENT ISSUE, page-30

If we assume the offer is a good one I doubt anybody will not apply for their 2 for 3 and for extra shares OK some may sell their rights
From the prospectus
"It is possible that there may be no Shortfall Shares available for issue.
Subject to the following allocation policy, the Directors reserve the right at their absolute
discretion and subject to the Corporations Act and Listing Rules to issue Shortfall Shares at
their discretion, by applying a policy of allocating Shortfall Shares in a manner that is in the
Company’s best interests, including a reasonable allocation to holders of unmarketable
parcels and minority Shareholders."
I think if you dont already own the 3 you will not get many of the 2 unless you buy them on market
Hence I cannot see how any new shareholder is going to get any reasonable amount of shares without buying the rights
which I dont think are going to be cheap GLTAH
by reasonable I mean a few million