I think you're right georisk. I would feel slightly morally wrong, but what the heck, I don't think any companies on the asx think twice about what they do to us small shareholders.
4 out of the 20 stocks I own have had spp'S this year and have all gone the max15K way, instead of a 10 for 1 (or the like) deal.
I'm sure if I had kept 1 share of all closed positions, I would have had a chance or two to make a quick buck, (as you could with the SLR deal)
SLR Price at posting:
$1.03 Sentiment: LT Buy Disclosure: Held