Thanks Mik - a little clearer but still confusing as to why they...

Thanks Mik - a little clearer but still confusing as to why they choose to have 2 closing dates.

Maybe the reasoning behind this is to prevent the retail component from voting down Rowsthorn from gaining more shares. Currently Retail owns 57.1 per cent so they have a greater say in the matter than new Instos who won't be able to vote on the Rowthorn matter.

Thoughts ?

http://business.smh.com.au/business/the-weakest-link-in-ascianos-equity-raising-20090616-cgjf.html