And if it is a rights issue then couldn't demand for the shares increase prior to the record date?
I'd say those with the big kahunas have already grabbed their shares. If common scenarios is anything to go by this will be a combination of placement to sophisticated investors and a rights issue to shareholders. Can never keep these things secret as the broker has to gauge interest for raisings on behalf of the company.
I reckon placement at 1c, or maybe a little higher with attaching option. Any guesses? Or statements from anyone who already knows?
AEX Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held
