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]
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.