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Can anyone advise what do you need to do or what are the processes involved in order to subcribe to the rights? Do the company send you any notice or form or is it only after the resolution is passed at the coming AGM.
Thanks in advance.
of course deal lah. how much have you got to lose by subscribing to the rights? 100lots will only cost you $1.8k.
I would assume that it will become an integrated steel mill company soon.
any "shi-fu" here kind to give advice on the Rights,
Deal or No Deal ?
can someone out there advise if its worth getting the rights at .018? i bought 50 lots at .055 and now the share price hovers around .025-.03. After the rights issue, the no. of shares circulating would be doubled from now. I am considering if i should just sell my existing shares at .03 rather than see it plunge to .01 after that...any good advice?
should be 40% discount. (based on current shr.price of 0.03)
PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 4,551,901,877 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF $$0.018 FOR EACH RIGHTS SHARE, ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE HELD BY ENTITLED SHAREHOLDERS AS AT THE BOOKS CLOSURE DATE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED
4% discount. (based on current shr.price of 0.03)
yes ! rights issue is on the table for this coming AGM. 1 for 1 rights at 0.0125 ?????
this share going to issue rights to shareholder. . is it a good thing? worth taking up the rights?