No one is arguing with you on the craziness of this corporate action. As said I immediately called the ASX when it unravelled - not that they give a toss unless you are calling from a big mkt participant.
You attribute some misunderstanding my end of what this is. Putting a theoretical valuation on shares in allowance for the corporate action is easy versus its pre-entitlement trading value. Most investors had perfectly good grasp of that, contrary to the many suggestions on here that all investors in OSX are idiots and losers, hence the stock dropped when it went from "cum-entitlement" to "ex-entitlement" but then traded consistently around $0.065 for days until the approvals announcement.
Putting a valuation on the shares post entitlement now it has Singapore and Vietnamese approvals is far harder. What forward value on earnings would you put on the approvals Steven? Its now indeed muddied further buy the complications with the ridiculous corporate action (again, no-one arguing with you there) that should never have been put to market and now the ASX, in my opinion, only making even worse by trying to rectifiy their error in letting it go to mkt.
Add to My Watchlist
What is My Watchlist?
