thanks V1, so do we then expect an issue price of 40c or less?
i could even envisage a price at 35c.
i am trying to remember a similar situation - but cannot. Such situation being where a coy has made a discounted rights issue, when an "offer" is being proposed at a far, far higher price?
of course the kicker here is that the "proposed price" may never eventuate I guess.
cheers
Ann: Trading Halt , page-35
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