If you take up your entitlement to buy shares under the capital raising at 50c per share you provide additional funds to the company to ensure that they are in a position to meet the demands of the market head on. That is, part of your money will go to upscaling production so more product can reach the market in a more timely fashion
If you buy now at a price under 50 cents you simply take the shares from another person and the company gets nothing for it. If you've bought 10,000 shares at 49c you save a hundred dollars. The company doesn't get your money so it can't increase production and is not in as good a position to meet market demands.
So effectively you can choose to buy a share in a company at a discount of 2% which may then put the company in a worse position to conduct its business??
Please tell me if I'm wrong about that!
Rev
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