RE:RE:RE:RE:RE:RE:RE:RE:RightsAdditional rights are calculated by taking all requests for additional rights / total additional shares available (# of shares less Numbers of hares excercised).
It isnt that simple however. So if there are 9,000,000 additional rights available and 10,000,000 are requested then people get 91% of what they requested. This is supposed to go further and should also be compared to the original number of shares they owned.
The company siad that the rights were oversubscribed but I dont believe it was by much. In some accounts I subscribed for the cash I had avaialable, ie another 25%, and in others I oversubscribed 300% and I had the same ratio on each account and the one that was oversubscribed by 300% was one of the largest.
So in the chain above if you asked for 900% more but only had 10,000 shares I could see that possibly happening as they needed to sell overallocation of over 100,000,000 shares.
In any event, 3.5 cents now that more than a 100% gain for any overallocations granted, so thank you to the 100m+ shares that did not excercise their rights.