A company has 100,000 shares & net assets $100,000.
then 1for 5 at 35 so on issue 120,000 & net assets $107,000
I have 1000 shares pre rts ie 1% or !% of n.a. = $1000. Take up rts ie 200 @ 35 cost $70.
I now still have 1% of the net assets now being $1070
Where have I been diluted.
trading halt, page-20
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