"The whole process is just a way of issuing shares to a new institution without getting shareholder approval. They don't expect holders to take up their "rights"."
spot on.
If they do, they just raise again until the new owners have their shares.
They have deeper pockets than the retailers they are burning.
Rights Issue, page-18
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$12.49 |
Change
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| No. | Vol. | Price($) |
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| 1 | 175 | $11.81 |
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