If its a rights issue including retail investors (us) then an update will be provided at some stage so we can decide whether to take rights up.
It will be a big raising $100 mill at say $6.50 per share is around 15.3 million shares to be issued. Some may be from cash/debt etc and the vendor will likely take some shares in part payment.
Hopefully retail investors (us) will get a decent bite at the cherry. We usually get screwed with smallish rights. Hopefully better than 1 for 10!!
Wait and see.
Agree about frequency of acquisitions. Management had better be on the ball.
BWX Price at posting:
$6.91 Sentiment: Buy Disclosure: Held
