RLC 0.00% 0.4¢ reedy lagoon corporation limited

Finally got around to reading the announcement. This line is...

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    Finally got around to reading the announcement.
    This line is interesting:

    Unless all entitlements are taken by all shareholders a discounted entitlement offer price will deliver
    value to new investors who take up the shortfall to the disadvantage of shareholders.


    I think that means a discount to the fair market price as inferred by Fethers and suggested by the commissioned report.
    Right?
    Last edited by schmoove: 03/04/17
 
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