this is another way to make money apart from trading(buy and sell ).
When the stock has good cap between ordinary and Rights issue then we can buy only 100 shares from the market then you will receive the rights paper annex with additional share application. So if you think about more potential to get the addition shares then we can apply.
I really expect from BIL more additional shares because BIL has huge amount of shares so company doesn't like to take those all ( I expect)
So if we get for BIL then our cost is 1.25 only today BIL's market price 1.60 at least we can sell more than 1.50 so 20% sure profit
But only one negative point is not sure the investment ..
if they didn't offer the additional share then waste of investment for that time period.
I hope I will get it.
Note: I am sharing this information here for you guys to future investment if any one think this is good. I am sorry this is too late for bil but you guys apply for ASCO as well. if you can get for additional then you will get free warrants with that as well