Ann: Underwritten Entitlement Offer, page-36

will be interesting to see the amount the underwriter receives, because

i can't imagine many shareholders not taking up their rights issue...with the price at around 68c on the last day of ex-rights and at 75c on the last day of rights offer, its a no brainer for arbitrage profit, if you are an existing holder to take up rights and sell on market (last day of ex-rights).

im assuming that there was a larger volume of existing holders that took up rights and sold before ex-rights than there are shares left for the underwriters to make money from the 60-75c gap.

if Impedimed resisted the sell off from existing holders prior to ex-rights (the stock price barely felt it!), im sure it can resist an underwriter dump too - that is should the underwriters dump.

i think the fact that we are now about 15 business days from 2015 will keep this alive and rising....

don't worry too much , this is a very undervalued stock.