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Online Share Trading

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Rights offer - am i missing something?

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Limitless
Contributor
I see the ELI share price is around 85c, but the rights offer offers shares at 110c... why take up the rights offer if i can buy the share cheaper? or am i missing something? [got the share for a while and looking for a decent exit BTW]
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1 REPLY 1
iggy
Occasional Contributor
Yup. The last 2 of their three rights offers has been pegged at more than the ruling price. It is better to buy on the open market. I sold out a month ago as I am not to sure if this company is going anywhere.
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