PAB 0.00% 0.7¢ patrys limited

rights issue announcement, page-19

  1. 668 Posts.
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    I suppose if I had my money to stock up on more cheap shares I wouldnt mind it so much....but I don't see this as rewarding long time shareholders (or at least those that got on board before this week), since the ex date is the 19th Nov, and there's been plenty of attention given to PAB the last couple of days, this gives anybody the chance to get cheap shares. If the rights issue was for current holders only then I would consider it a reward

    But having watched AHZ go through this I know we will be ok. Just feeling a bit pissed that anybody can get shares at 5c now and this weeks gains have been erased
 
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