ban non-renounceable issues?, page-28

"((Contrast the Asciano raising with Rio's $19bn capital raising.

It's a traditional renounceable rights issue because Britain doesn't allow accelerated offerings, let alone non-renounceable issues.))"

Samixdat01,

Yes, that is a very good point to be made.

And now, can anyone tell me what is ASIC and the ASX are doing, while all of this is going on???

Or, yes. As usual they may be looking the other way, while we get slaughtered, and they be sipping a Latte somewhere Down Town.

I think that shareholders should put the screw on MR and his Board.

Buddy