good money after bad ? , page-2

"is it a good idea to subscribe for the rights?"

You don't 'subscribe' for them. If you were a shareholder before Monday, you already own them (at 965 for every 1000 shares you have).

"Doubt it"
What does that mean? Its pure arithemtic. Rights price plus ten cents, or the share price. Which ever one is lowest is best buy, Sheesh. Or you can just sell them on market.

"but AF does OK with his 5% fee!"

Does he? He might disagree with you if the company tanks. Underwriting means he has guaranteed to cough up the full $20 million, no matter what. He could end up with $20 million worth of nothing. I would want 5% for that risk too.











Doubt it but AF does OK with his 5% fee !