Well it kind of shows that if we ever do need cash moving forward RAC will go straight to institutions from now on we can't even get holders to BUY in the money shares (FREE SHARES)
I'm not a 708 investor as I have never applied and I have $75,000 to buy 100,00 shares I'll be disappointed if I miss out as a loyal holder.
I'll call to se if I can be added as a 708 investor but might not meet their criteria as holdings under 2 accounts see how I go.
If not I'll make a deal with my mate split the piggyback options or something like that.
im just hoping we get close enough and we don't need anything yes we need to come up to 75% but we may have the money anyway in the kitty as some bought some piggyback options and Dr T
Is buying his $4.25 options.
So maybe we can use that as the top up.
Ann: Application for quotation of securities - RAC, page-29
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