Reiner, I can only think that the price was kept @ .002 so that the underwriter would get more. They'll get loads now- $17m.
What this thing is all about I have no idea. I sold today because I was wondering what the point was. I do doubt, however, that the underwriter is contributing $17m to lose their cash, so the share price might even rise now.
Ann: Rights Issue - Shortfall Notice , page-3
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