most people sitting on a loss , so its a good way to average down esp at 42c , the only sellers of rights will be people who cant afford to pay 42c i reckon. so they be the only sellers i reckon
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Will/can Vero get in on this action?
Always one to dive back into the crocodile pit I bought a bucket of shares after the 1:1 was announced and having got the offer docs in the email today I have paid my $0.42s for another bucket load (though you have till 13-Dec to do it).
So currently sitting on a choice paper profit which hopefully will get bigger & bigger with time.
Though it may not.
Best Wishes
Paper Tiger
I've tripled up in the rights issue - it was well signalled but I'm impressed at how strong Tower are trading during rights trading....clearly a lot of demand and value seen in the stock here...could be 70c+ by Xmas