SVR - Savor Ltd (Formerly MOA)

[Balance]

Yes whatsup with the depth, i thought it was a error at first.

Means the game is up.

I would venture to say that there's a big flock of Moa's out there looking for a home, and whoever was/were holding up the sp to massage the rights issue has/have run to the hills?

[Toulouse - Luzern]

Looks like the market reacting to the capital raising initiatives.

I had a look at the Moa website to read their proposal.

For me the company website has mixed marketing messages ...

Moa the bird logo

A huge white pointer shark and a wet suit clad diver with a hawaiian sling

A big ape and a bare chested pugilist

A white rabbit

???

[Harvey Specter]

Will be interesting to compare financials with these guys once they launch:

http://www.jointherenaissance.co.nz/

[cyclist]

Will be interesting to compare financials with these guys once they launch:

http://www.jointherenaissance.co.nz/

Well, their beers are a damn sight better, which is a good start.

[Longhaul]

I suspect I'd get more value out of spending the money on beer rather than buying their stock. I'm sure it would taste better!

[J R Ewing]

Wow - at the current rate of knots, Moa's share price will be below its rights issue price before the offer period closes.

Ouch.

Perhaps a white knight will appear on the horizon, is that Trevor Mallard in the distance?

[Balance]

Perhaps a white knight will appear on the horizon, is that Trevor Mallard in the distance?

Haha - good one!

[bmrm]

Just tried Moa's Five Hop and pleasantly surprised by its quality. Also pleased to be able to finally buy it by the rigger, though no idea if this is Wellington Regional Wines & Spirits initiative or Moa's.

[Baaarney]

This is the first instance where I have come across a rights issue. My question relates to the tradable rights. The rights were offered by MOA at $0.33 and are currently trading at $0.06.

Does this mean that it costs $0.06/share to purchase the right to a share with an additional $0.33/share payable to actually purchase the share?

Ultimately making the total purchase price $0.39 (0.06+0.33) with $0.33 to Moa and $0.06 to the previous holder of the right.

[winner69]

This is the first instance where I have come across a rights issue. My question relates to the tradable rights. The rights were offered by MOA at $0.33 and are currently trading at $0.06.

Does this mean that it costs $0.06/share to purchase the right to a share with an additional $0.33/share payable to actually purchase the share?

Ultimately making the total purchase price $0.39 (0.06+0.33) with $0.33 to Moa and $0.06 to the previous holder of the right.

Sounds about right

Unless you arrange otherwise if you buy any rights most brokers will take the 33 cents off you as well at the time of purchase.