Well i must admit this seems to be confusing the majority of holders, self included. To begin with the dates 6/4/10 record date and 15/4/10 trading of rights ceases?
There hasn't been a whole lot of trading on the rights, yet the sentiment i am getting on HC is that a fair amount of holders wont be participating in the RI and hence should be trading their rights. Considering the long weekend should those rights be sold by tomorrow, hence bring you up to the record date of Tuesday 6/4/10?
Being fully underwritten, what happens to any rights that hav'nt been taken up by shareholders, are they reverted back to Pattersons for no cost?
Baffled :(
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