Moly, MIS mgmt are not doing shareholders a favor by pitching the rights issue so low. look at the history. there is a pattern of low priced raisings and then look at where the bulk of the share actually went. this is the same. shareholders never take up the majority of shares on offer in these situations. watch who picks up the balance and then you'll see who they are really benefiting. its all smoke and mirrors and this is the third time they have done it successfully. MIS has great assets and is making shareholders money but be sure to DYOR and beware.
MIS
midwest corporation limited
