@Bomoh, that's correct. If you buy extra rights then you will have to tip in an extra $7.55 to convert those rights into shares. So buying at $0.75 means your shares will have cost $8.30.
The sense of that will depend on what you pay for your rights and what the share price is on exercise day.
Of course, you don't have to exercise all of the rights you buy. Whatever you let expire will go into the shortfall bookbuild and you'll get "fair value" for them... whatever that is... probably less than $0.50.
You could also eliminate the uncertainty by selling your rights and buying on-market. Surprisingly enough, that will net you shares at about $7.55 at current prices!
VOC Price at posting:
$8.26 Sentiment: Buy Disclosure: Held
