Theoretical Ex Rights Price
DEFINITION of 'Theoretical Ex-Rights Price'
The market price that a stock will theoretically have following a new rights issue. Although the stock price is not likely to change immediately following the new rights issue, it will change as the rights expiration date approaches.
(1.80+1.80+. /2
=1.47
Yesterday ATL droped over 22%(from 1.80 to 1.40) ....remember september end ATL was 1.90 I think... Worth a look if you are into trading small caps / penny stocks............... but do your own analysis