Why would you take up new shares, when existing shares can be bought on market for the same price? You are just contributing to your own dilution.
You watch the directors pump up the SP so that by D Day, taking up the new issue will seem quite attractive.
But beware, the next day could bring tears.
Ann: Pro-rata Rights Issue Details , page-5
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Last
20.0¢ |
Change
0.020(11.1%) |
Mkt cap ! $65.50M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.5¢ | 19.0¢ | $60.53K | 311.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19999 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 11000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| HAV (ASX) Chart |