Ann: Update - Proposed issue of securities - TTT, page-18

I just had a look at the 26 June announcement and it had on the timetable for today, 28th June:

"Trading halt lifted and shares resume trading on an ex-entitlement basis, rights trading begins on a deferred settlement basis"

So the current share price implies the market capitalisation is very roughly $20M, up by around $8M from the $12M or so last week (assuming everyone buys their entitlement, which is fair)

Big question is whether any of the buyers today think they are getting the entitlement and pushing valuation up to $20M! The record date implies that shares bought last week have now been paid for and the record date applies to them.