As per the companies announcement on the 5th April "Entitlement offer - allotment to acceptors" the advanced share registry shows my entitlement has been alloted to Commsec.
Late Thursday afternoon Commsec showed my entitlement had been alloted to my account. Later that evening that allotment had been retracted.
Can anyone else confirm the same..
If I do not recieve my allotment prior to trading commencing tomorrow I will be convinced that Commsec has gone short Alkane with our entitled shares and will not issue them until COB (11/4/12).
If im right I would expect another 10% plus decline tomorrow and then a 10% plus rise on Wednesday as they begin to buy back those shares shorted to issue to clients under the entitlement.
Anyways that my line of thinking and I will try to profit from it by buying tomorrow at anything under $1.32, provided Commsec does not issue my allotment prior to trading that is..
commsec allotment of entitlement
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