Originally Posted by
Landyman
The whole thing is odd to me:
1. Why limit the amount of people who can invest to those who were holders last week. This limits the funds the NTL can raise for their "new" plan. With the 30% limit (of new issue) available to issue, then (with glass half full), NTL must be confident that they will get fully subscribed
2. Why allow dilution? Surely the big boss doesn't want to lose out. Rights issue instead. Weird
If I was a pessimist (also known as a long term, HGD/NTL holder), then we wont see the updated info until after 22 Sept, such that the money is in the door before a bad announcement is made, with the excuse that "peer review has taken longer than expected"
If I was an optimist, then NTL have been kind to current shareholders, and we are all going to be rich!
Based on current info and expectation, I do expect to be taken up the $15k.