Gentlemen,
Its a great idea to get management thinking about distributing the franking credits before Shorten can possibly change the refund rules.
If they need a rights issue to pay the dividend then the rights issue would have to come first.
I for one don't have that much lazy cash lying around to contribute to a rights issue in advance of a promised dividend.
Raising capital, to return capital, simply to extract cash from The Treasury would probably draw the crabs at the ATO also.
Might to be better to sow the seed for management, to put the brains available in house and at Gresham's to work, to come up with a solution.
