Receipt of document regarding rights issue: 3 Oct 08
Rights price: 75 cents
Share price: no movement (last done at 84.5 cents long ago)
From 5 - 12 Oct, tried to apply at ATM but either forgot or no ATM.
Share price: still no movement
Finally, today, remembered and found ATM. Happily punched it entitlement of 1 lot, and applied for 2 excess lots. Damage is $2252, including $2 admin fee.
And guess what? The share price finally moved - DOWN! It gapped down to 67.5 cents.
And this is the day STI closed up 128.02 points ! Immediately paper loss $225.
CCB.
Post Date: 14 Oct 08
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