SGR 1.53% 48.3¢ the star entertainment group limited

update: I got a call back from Mark Wilson. It seems giving...

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    update: I got a call back from Mark Wilson. It seems giving retail holders an opportunity to not be diluted by over subscribing to the rights issue was discussed. Look, Mark seems like a nice bloke, but he still couldn’t tell me why they decided to short change retail holders. My interpretation is that the underwriters advised them not to. Ironic because those same underwriters made almost $20 million on the retail shortfall.
 
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48.5¢ 131204 48
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