Just had email saying that the rights issue as been extended to 11th August 12 noon so 2 + wks to make mind up to buy?
Wanted to take up rights shares but afraid I have no confidence in this share
What a number of investors did on FJET was to take up the rights issue and sell of same number of shares at current sp price thus leaving you in a better position but with same number of shares you started with. This only works if current sp is of course higher than rights issue price.
Tis funny I remember the so fell when the deal was first muted, but has now become whe only saviour..
Looking at the graph since the Lincs deal was announced one would 'hope' the current price reflects a no deal scenario and although relatively small dealings today they also point tentatively to that ie a 'potential' sale is better than most definitely no sale so all of a sudden a few people are prepared to buy a few in the hope a deal does go through, otherwise I think the price would have bombed (even further). Taking that into account, maybe the rights issue at around 0.38p aint such a bad deal??
Thanks mate, so as all the planets line up and the sky's are blue and cloud free I may see a return. Alternatively last man out please turn off the light!!!
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