Ann: Rights Issue Closure and Shortfall Notification, page-4

  1. 575 Posts.
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    Actually, I just realised it was 1 share offered for every 2 existing shares held. He would have had to put up less than $24k to take up his full entitlement and he put in ~$13k.
    Not what you want to see from your CEO who keeps putting his hand out for more money from shareholders.
 
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