They have absolutely no right or legal position to do this once the rights trading commences. I have it on good authority that they will be given two options.
(1) Issue shares at 1 cent to those with the rights.
(2) Pay out the difference between the rights price and the share price at the time of the announcement.
ASIC will piece things together - selective disclosure issues arise from almost all angles.
- Forums
- ASX - By Stock
- ADD
- Ann: Withdrawal of Rights Issue
Ann: Withdrawal of Rights Issue, page-35
-
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADD (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $3.634M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $750 | 250K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 37018747 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 2928666 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 37018747 | 0.002 |
23 | 32065100 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 2928666 | 6 |
0.004 | 21830149 | 13 |
0.005 | 7339455 | 8 |
0.006 | 3526816 | 3 |
0.007 | 12409536 | 9 |
Last trade - 09.59am 26/08/2024 (20 minute delay) ? |
Featured News
ADD (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online