NZK - NZ King Salmon

[Entrep]

if you think the company not going bust or if it can correct its mistakes , then surely it makes sense to average your price down thru the rights issue ?

Yep, will be participating for sure

[winner69]

Gaynor with history of salmon on NZX

NZ Salmon, Regai Salmon and NZ King Salmon …….and a tomato company …and throws in mention of Blue Chip, Aquaria, SeaDragon and other illustrious names.

Prob paywalled but interesting

https://businessdesk.co.nz/article/o...ainst-the-tide

[herbert240]

Yep, will be participating for sure

Still thinking that way Entrep?

[Entrep]

Still thinking that way Entrep?

Yep 100%, I still believe in Blue Endeavour and that even if I exit, it will be for more than the rights price.

[herbert240]

Yep 100%, I still believe in Blue Endeavour and that even if I exit, it will be for more than the rights price.

Yes, after doing research which I should have done much earlier I am inclined to agree with your sentiments Entrep. To save me doing more "digging" have you got any idea when approval will be given or not?

[Entrep]

Yes, after doing research which I should have done much earlier I am inclined to agree with your sentiments Entrep. To save me doing more "digging" have you got any idea when approval will be given or not?

Was meant to be March this yer, now pushed to middle of the year.

[herbert240]

Was meant to be March this yer, now pushed to middle of the year.

Thanks, must say it makes me a little nervous when I think of the mob who will make the call.

[Recaster]

Odd that the rights are not being quoted on either exchange.

[Balance]

Odd that the rights are not being quoted on either exchange.

Non tradable rights.

[Recaster]

Non tradable rights.

Yes, seems strange they took this option.

Wonder how this affects the trading pattern in the head shares. How will typical (varying degree) late stage convergence of heads and rights prices not being possible mean that heads will remain higher than they would have?

We won't know.