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Hello folks. I received my almost shabby looking rights issue vote today and have now voted yes via my broker. Here's my question though. I have 17000 shares and I believe at 157-1 that gives me a rights option of around 200,000.00 shares at 13 grand. Now a couple of questions: I don't fancy throwing another 13 thousand quid at this thing as the rewards and disaster potential is enormous. So if I do nothing and sell my rights issue I take it my current 17 thousand shares just stay the same and get diluted or am I offered 157 new shares for every current share I own?
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