For those that are a little confused about the erhca's and what it means to share holders to have these wiped, i will give my opinion.
This is an excellent thing for us punters and i will explain why
erhca's have 100% voting rights and 100% dividend rights at a fraction of the price of fully paid. The dividend rights are not a issue but the voting rights were with BSN holding some 27m odd it weight heavily against us. But now control has moved back to the share holders and also heavily reduced the fully diluted market cap making us a far taster takeover target.
The thing that I find the funniest on this forum is the ones complaining about erhca's being converted are the ones that were complaining about the so called Jewish influence.
One has to ask, is this just an opportunity to complain for the sake of complaining.
ERH Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
