On that theme - what motivates a company to do either which of -...

On that theme - what motivates a company to do either which of

- an Accelerated rights issue - ex date yesterday etc completed in two weeks

- or a forward rec date where there are weeks for the sp to soften after the ex date

If both are underwritten?

Both could get sold to the rights price , but the longer it drags out - weaker hands light volumes , buyers disappearing as existing holders contemplate their rights over on market .

A rights issue weakens on market buyers to some extent .

When it's a 1-15 issue - there is little motivation on a forward rec date to draw the masses to buying in for said rights

If it had say 3 options attached for every share - then maybe a stampede to buy in etc

So it more likely ends in little buying support during the period and a weak finish to the sp, where many don't take up their rights (insanely as discouraged by the lower sp , not as a fundamental failure , but as an action of the rights itself ) and a protracted sense they could do better on market .

Where else can the underwriters get such a large stake ?