If has been told to me; that the CR will involve Renounceable shares, I personally will not have the cash available to take advantage of the offer, .... except to sell a portion within the offer time frame, say at 9-10c, (at least above 7.5c), then purchase my entitlement plus the free options.
This would be a good outcome for my CTP porfolio, ... if it happens that way, as I would have increased my holding without spending anything.
Unless there is good announcement/s within that period, IMO, the SP could come down to 7.5c. as I think a lot of others could be in the same boat as I.
I'm looking forward to those good announcements.
Regards, Ravi
renounceable shares
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