Question16 Jun 2009 16:25
I assumed that when you got the RI, they have "given us" the unpaid MECN rights, which we can sell at the going market rate ie....diddly squat....or = 0.04, or we can buy them at the RI price of 1.5p which then converts them into fully paid shares! Is this right? So the real question is do you bother or will the buy price, come the revolution, be lower than the 1.5p and therefore spread permitting you might as well buy in the open market!