"Well, if nothing else, people who take up the Rights are securing the new shares at the same price as the largest holder."
... who got his key stake, directorship and so forth at one cent.
The rights issue is coming close to a capitulation given this morning's action.
On a traditionally more positive note, I've previously written about the remarkable relationship between GIP's price in future weeks, after a week in which more than two million shares are traded. The relationship is going to get a telling test this time.
http://bit.ly/2L0naN
rights conversion, page-20
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0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.054M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $2.047K | 292.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4279016 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 523176 | 5 |
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