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[sharechat] Strathmore rights issue

From:	"Shakur, Shamim" <S.Shakur@massey.ac.nz>
Date:	Tue, 9 Nov 1999 15:48:47 +1300


Strathmore Group is undertaking a 10 for 1 rights issue at $0.05 per new
share.To sweeten the deal, shareholders who subscribe for their rights are
also offered free options on a 1 for 3 basis. Is this too good to be true?
With current price around $1.20, one would expect SMR share prices would
have come down within the next couple of weeks even faster than it rose
lately. Can somebody explain what is happening here? Thanx.

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