LNR lanthanein resources ltd

Ann: Placement and Fully Underwritten Rights Issue, page-32

  1. 13,831 Posts.
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    """please note the shares on offer to us are non-renounceable, meaning we will not be able to trade or sell them. The shares to Inyati and sophisticated investors are exercisable. They can make money, but we get stuck here if buying."""


    Does this simply mean they did this so they can get out before ordinary retail shareholders.eek.png Is this the reason possible???
    What other reason could it be?

    What is going on here?
 
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