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Hey, guys…please study how right issues work only invest ya, otherwise very dangerous.
1 existing share for 1 right issue,if based on current price 0.105, the ex price wil be:
0.105(1000) + 0.09(1000) /2 = 0.0975( about 0.095) *only based on my understanding ya, I might wrong
The OR share listing is for those don’t want apply to sell after ex price to compensate the adjustments price. You will automatically entitled the OR shares if you hold the mother share until ex date. But the OR price affect by supply and demand also, some time not necessarily can sell out in order to get back some money.
Study the company first, if you believe the company future prospects, just buy. Buy and apply the right issue or buy after the ex price, the difference is got free warrant.
If you don’t like the company future prospects, just avoid this counter. Simple as that, good luck to all.
