Understanding rights issue, and panic selling., page-4

  1. 30,472 Posts.
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    Hi z2m,

    The rights issue is interesting.
    The chance to buy at 0.2c per share, 8 for 27.
    From what I understand, one was eligible if holding by EOD 15th Feb.
    If I was interested I would of bought up big before the close, get the 0.2c shares and sell off about 1/4 of my holdings at current market price for a gain of 90% on 1/4 of my holdings.
    When the shares hit the market, I reckon there will be some more profit taking as well.
    believe in greed .....
 
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