What do you mean by the potential massive dilution... it's not a potential, that's occured and is done with.
For the last week there was a trade to be made selling above 10c and acquiring stock at 10c via the rights issue. That trade no longer exists as the rights issue has closed. So it would seem reasonable that if there is less selling pressure...
On the flip side, if the retail take-up was terrible, the underwriters will have a lot of stock to dump next week.
AMS Price at posting:
10.5¢ Sentiment: None Disclosure: Held
