"Does it have to open at 12.5c because of the CR?"
Alot will depend on takeup, reason, and terms = if oversubscribed, positive application, or escrowed +++ other way -#-. Using the resolution formulas found on p11 of AGM notice annc. I calc a 5% max [if $7.5M the ceiling]. Going on 30 day VWAP CR effect would be minimal on SP and 5% on 15 day technically insignificant 0.145-0.015. Going on perspective and emotion of folk [CR is a neutral thing asset on books offset against larger unit number] I can't say but ST herd mentality and stops hits are possible manifestations. If so apart from traders that were on a 14.5 bounce play, exits should be minimal. Anything more significant - then it is opportunistic snatch and grab BUY. JIMHO.
As for thread title question: I can only say read the formulas in the resolution, its all there do the math, be prepared when TH lifted so your prepared for results, make your mind up from there rather to wholly rely on what others are saying.
As for Klown calls - treat them with their respective value of the input [and intent if any]...
ADO Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
