This is wrong on so many reasons , why were they scaling back when it was not oversubscribed ?????
Basically they have looked after the larger shareholders and the underwriter here , and given small shareholders nothing . Rich/ Poor lol .
My situation was I had 7500 shares purchased circa 65 cents .... Rights issue was 1500, I applied for 3000 extra .
Obviously got the 1500, and nothing further . Feel if they were going to give shares away to the underwriters they could have allocated some to me and other small shareholders ....
Also as a NZ shareholder the process is a little more difficult than if in Australia, so for all the effort and opportunity cost they have disappointed me.
Didn't think I was being greedy , wanted to average down from paying near the top of the market . Happy to be on the register as a med/long term holder ...... Shareholding under review ..........
Pretty keen to hit the Stoploss on this one if this is how the company treats shareholders ....