Yep! Now it all comes out why management chose to have it as a...

Yep! Now it all comes out why management chose to have it as a non-renounceable rights issue rather that the fairer and more ethical renounceable rights issue. You can bet the share price will pull back to low 7 cents as we see a sell off (from those who will sell some shares to raise funds to pay for the rights). These will be happily picked up by the "mystery accumulator(s)". As the share price gets closer to 7 cents many holders will say why bother about the rights. We may even see some manipulation to even push the share price down below 7 cents.

So as Billmac is right that another handy slab of unwanted rights shares will fall into the hands of the underwriters at a very undervalued 7 cents. Who will be holding on behalf of.........????????


It will have to come out eventually who is behind all this. I will ask that Tectonic updates their Top 20 list on the Website in the name of transparency.