Based on the current sp 14c, issue price 12c and 2-for-7 right issue, the nil-paid right value will be:
((14 x 7 )+ (12 x 2 )) / (7 + 2) = 1.56 cents.
Does anyone know this right can be traded under an ASX code?
I have not found any bookbuild is mentioned in the announcement, so I guess there is no one.
