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nsr purchase & rights issue

  1. Fave
    77 Posts.
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    08/06/09
    21:56
    Post #: 5254458
    What do people think of the NSR purchase and the rights issue?

    IMO the deal looks OK, although I don't really like the earn out component priced initially at 13.5c and then 20c. It's almost a reverse takeover if existing shareholders choose not to participate in the rights issue.

    I'll be particpating only because the dilution would be to great otherwise.
    FUN Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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