Its taken a while for the no to come through. I suppose with the the rights its a strange one. 2 cents seems like madness not to take up if you look at price chart. However management do not instil confidence. Question is if it is good money chasing bad. If they sold for 50m then 2c is good from a Rights point of view.
Or was the whole sale with a related party a bluff to delay?
Ann: Rights Issue Notice to Eligible Shareholders, page-4
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