sale of 25% interest in bowland prospect, page-47

I can sell my stock on market tomorrow and still be entitled to buy into the rights issue. If what you are saying is correct, the person I sell my stock to tomorrow would also be entitled to buy into the rights issue. That cannot be true given there would then be 2 rights for a single share.

Alternatively, think about dividend ex dates and record dates. If you buy after the ex date but before the record date, you won't get the divvy. Surely entitlement offers work the same way.

The record date is a few days after, due to t+3 settlement. Ie those that bought last Thursday probably won't show up on the register until wednesday 19th.

It's the EX date that counts. Good luck to those buying tomorrow thinking they can get rights to stock for 1.20. Hahahaha....