Sorry to hear that mate You have been a long time supporter
I believe the way it works is that when the rights are issued there will be a new code, something like ADOR and we will all inherit units as per our eligibility, these will be traded on the ASX for a while. So if you want to get in, you can buy ADOR and convert those to ADO shares at 1.1c. Of course this means that your total cost is (1.1 + x) where x, is whatever the rights are being sold for. Usually this will be the difference between current share price and the rights price. So you end up with no benefit, but lets see how it plays out.
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- Ann: Rights Issue letter to ineligible shareholders
Ann: Rights Issue letter to ineligible shareholders, page-15
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