A couple more thoughts on this situation. Remember when ANZ in a similar situation gave the full number of shares to all who applied ? NAB had already incurred most of the costs in obtaining money from us small shareholders Returning monies will now add additional costs. However these additional costs will be more than offset by the interest they will have earned over the time they have held the excess monies. One might also assume that the instos had them over a barrel when they went to them for money. The instos may have forced the $750 million number on them to set an upper amount of dilution by us minnows. Cheers, madlymax. And getting maddlier. ps and wasn't the value set for the instos almost immediately wildly generous. Who is running who ?
NAB Price at posting:
$27.00 Sentiment: Hold Disclosure: Held
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