I have been offered (actually all current share holders) to purchase up to $15,000 worth of AMP shares at lower of A$1.60 or 2.5% discount off average current price (A$1.65).
The way I see it:
A$15,000 @ $1.60 = 9375 shares.
Then sell off @ $1.65 to make A$468.
Anything wrong with my logic?
Is it worth the risk?
Would the share be trading around 1.65 after listing of new share placement?