RNIR??, page-16

zuks (and squire) - the other interesting thing to follow is the order detail for RNIR sells to see what the big boys/girls are doing

I see 1 holder offering 2.7m rights and another 2.4m rights - now to have that many they must have a bit more than 1m and a bit less than 1m now ex shares - from memory 1.5m shares gets you into the top 50 so both arent too far off the big boys/girls club but neither wants to take up their rights (or maybe wants to see if anyone wants to buy them and if not then maybe they will exercise them?)

of course its also possible they hold much more than a mill shares and are just selling some rights and exercising the rest - if you were a top 50 holder with 1.5 shares you would have 3.75m rights and maybe you didnt want to or couldnt afford to exercise them all so decided to offload part of your entitlement?

whats it all mean - you tell me?

I like the dude trying to sell 7 rights, hope he/she/it gets a deal