Sober wrote:and guys are waiting for the Wednesday deadline before dropping in their orders. kenyans!
Best decision I ever made!!! I knew the sellers would get desperate as the deadline approached. Simple logic: As a buyer, I don't have to buy. I can always buy the shares later. As a seller YOU HAVE TO SELL by 15th or else you loose your chance for good! If you don't have cash to exercise the rights yourself, that's money down the drain.
To cut a long story short, I called my broker that day planning to make an order at 1.3/= but she recommended 1/=. I did her an email placing the order at 1/= only to realize later she actually got me the rights at 0.50/=!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.