Hi all, new in the game and just trying to learn all the moves.
I have 8000 shares in VMS and I purchased them at 37.5 cents. VMS have just released short form prospectus for the placement of further 6.5 mil shares. Minimum subscription is 10000 shares and they are offering them at 33 cents. The listed shares are currently trading at 41 cents.
What my question is, would it be in my interest to sell my currently listed shares in VMS and purchase through the short form prospectus? If I were to sell at 41 cents I would make slight profit and then use that same amount of money (approx 3333 AUD) to acquire 2000 more shares than I previously had through the short form prospectus.
Is this a no brainer, or are there trappings I should be wary of?