This looks a bit suss to me.... yeah it's only a small value ($65k) but how can they accept an over subscription of the shortfall to a 'rights offer?
I thought the whole idea of a rights offer is that every shareholder has the same rights.... eg; the total number of shares that will be alloted is set at the beginning of the offer.... and if you don't take up your rights, then some else can. But how do extra shares show up after it's finished? Bad maths? Trying to appease a few disgruntled small shareholders?
Mr Peros may well be a gun operator, but I must say the 'actions of this current board doesn't instil me with confidence....
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