Hi towie, I'm not sure if you've had much experience holding...

Hi towie,

I'm not sure if you've had much experience holding stocks that have undertaken rights issues. Perhaps if you ask some questions I would be happy to provide some answers about how they work in how the market reacts to them in my experience. Happy to shed some light on rights issues for you.

Suffice to say, you expect holders to sell at the closest price to the premium to fund their purchases from the company. Meanwhile, if people still value the company at $10m+ then they are getting a very good discount through the rights issue price. I will be taking up all of my rights and applying for shortfall.



Regards,
Robbo24