Hi all just wonder if anyone had thoughts on the following. I could have it wrong so please correct me if u see fit. 1. Not many buyers around. 2. Huge rights issue underwritten by Patersons, 30% or something close. 3. Big support from cornerstone investor at .05 - the holding date to be eligible for the share issue @ 0.05c is tonight 5pm, therefor we would see a big sell off down at .05 tomorrow morning as every holder can buy back pretty much as much as they want after tonight. Problem no volume, no buyers so maybe sell of wont happen? rights issue trading has been active since 02/10/12 under code ISNR can anyone they'll me where these are trading now,? I rang registrar. And will appear on HIN's eat tomorrow, so would assume rights trading will gain much more volume tomorrow.
ISN Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
