OK , seeing as no-ones has slagged me , i'll spell it out as what I would personally do - but i'm not advising anyone - this is just what i would do . If i owned shares i would sell them all the way down to 4 .( If you want (but I wouldn't because i recon they might get cheaper than 4 ) buy enough rights just to cover shares you had )Don't pay till last minite- arrange electronic transfer with company -if possible. Beause you see you mightn't want to pay them up ie if it were to go below 4- ie your not obligated & you got them for virtually nothing . PS i don't know why Comsec is sending out contracts with the total paid up figure , because it's renouncable ie your not compelled to take them up -you can just let them lapse .So just buy enough rights to cover the shareholding you had . Sit & wait for their next move. But one things for sure -at this time - they seem to be having a lot of trouble getting away a measley 108 mill issue.
- Forums
- ASX - By Stock
- AXM
- madness
madness, page-5
-
- There are more pages in this discussion • 37 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 AXM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online