Rights Issue with an invitation to current shareholders to purchase 1share for every 4held at $0.01 is a welcome gesture from coy (as a holder). Is opportunity to buy at discount price and then (obviously) sell or hold. IMHO it is a good strategy for keeping interest in the coy. At best will be 73.5million extra shares on the register. Not feeling threatened that this rights issue will impact on the SP negatively.
Product sales by this coy have increased well in last 2 years.
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