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Gold/Mining/Energy : Nuvo Research Inc
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To: wilyolvet who wrote (11905)1/21/2003 7:23:11 PM
From: DaveAu  Read Replies (2) of 14101
 
The price of the rights will tell the story. If they price them low enough, they virtually force the shareholders to exercise them or sell them to somebody who will. If they do have someone to backstop the offering they will give a much smaller discount. Either way, a rights offering is the fairest way of raising equity as it gives existing shareholders a chance to participate.

It would be interesting to know what Tom Stanley is doing now. FFH was his top holding (11% of this fund) at end of November and it took a big dump this week.

Dave
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