88E 33.3% 0.2¢ 88 energy limited

I am thinking there would only be one trade, the taking of the...

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    I am thinking there would only be one trade, the taking of the short sale at say 4 cents, repaid by exchange of the capital raise shares allocated at 3.5 cents
    Making a risk free profit of 0.5 cents per share, because the repay price is known in advance at 3.5 cents

    Have I got this all wrong ?
 
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