Ann: Renounceable Issue , page-3

What do people think?

Is this an entirely good thing i.e. from a confidence in the company point of view? Dont have much experience in Renounceable issues - am well aware that it is a great opportunity to pick up shares at a discount and you can sell at record date for a profit subject to price not dropping in the short term...that's probably my answer there, though I am focusing on a 2-3 year/beyond horizon