re: yep...worth a punt...
Hi Tradeforprofit I was wrong in my earlier postings regarding TVG ending up with 75 percent of the company , If there is 100 percent take up of the new issue TVG wind up with 60.1 percent if there is 100 percent shortfall they will have 71 percent I think maybe a 20 percent shortfall that gives them 62 percent but if they are acquiring rights on the market then all this can change . The big turnover on friday was mainly a director with a large holding 48 million shares who did not have the cash to take up the new issue . I have been led to believe that there were some institutions prpared to take up these rights. Your comment about those who bought prior to the new issue being in profit there was not many traded down at these levels . The shares had a high range in the months before the new issue of 11 cents these buyers will need to buy some rights to average out . I am looking at this stock as a long term core holding stock . My original entry price was 50 cents when they reconstructed and became Neighbourhool Cable I have traded this stock since then Regards Towie
