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[sharechat] RE: rights issue

From:	"Wedde, John" <john.wedde@cit.ac.nz>
Date:	Thu, 18 May 2000 09:50:29 +1200

 

This may sound like a stupid question but hey, isn't the only stupid
question the one you don't ask?
My broker tells me that a rights issue will drive down the head share price.
Why? He tried to explain this to me but 9.30 came around and he became busy!

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