Yes, I think your interpretation is correct. The MD has a shady past and this shortfall allocation does nothing for me to suggest a change in manner. I'm undecided whether to be a LT holder or not. This sort of action 'probably' makes me a ST holder as well. I look for companies that take care of their shareholders first and foremost.
Cheers
Ann: KDR Rights Issue and Shortfall Closed Over Subscribed-KDR.AX, page-4
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