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The Investor Challenge / Rights issue
« on: December 02, 2013, 10:46:04 pm »
ABL has a rights issue on the go. Holders of ABL should receive 0.85n x ABLN shares as of (about) 28/11/2013.
Then next week (can't remember the exact date) you can change ABLN to ABL and subtract 0.85n x 8.00 from each person's cash.
The above based on someone holding and exercising their NPLs (rational behaviour).
n == ABL holdings at the rights issue date.
Then next week (can't remember the exact date) you can change ABLN to ABL and subtract 0.85n x 8.00 from each person's cash.
The above based on someone holding and exercising their NPLs (rational behaviour).
n == ABL holdings at the rights issue date.