re: Ann: Non Renounceable Pro Rata Offer of P...
A key difference between these and options seems to be that: * with options, you decide if you want to take them up before the expiry date (if the options are 20c, and the share is trading at 10c, you wouldn't excercise as you can buy on market cheaper) * with these, GNI decide when you will make a further payment to them (if GNI shares are at 3c and they call the remaining 8.9025c (or whatever it is), you have to pay)
The brisbane motorway is a very good example where partly paid shares can go horribly horribly wrong.
With the GNI ones, at least we are talking about cents rather than the dollars on the brisbane motorway.
Wait for the prospectus to form your own views, but based on the information above, this is what i believe to be the case.
GNI Price at posting:
3.9¢ Sentiment: None Disclosure: Held
