Shares cheaper on the market than rights issue. Therefore little or no cash will come in as the rights issue will fail. There’s a debt they have to pay. Little cash reserves. All the pump stories have failed recently and their running out of ideas to con the market. The list goes on.
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- Ann: Non Renounceable Rights Issue Prospectus
Ann: Non Renounceable Rights Issue Prospectus, page-27
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