ATL N trading 1.50 and 1.60. As the right issue price is .80 maximum right value should be around 0.80 (1.60-0.80). But it has gone up to 1.50 and now trading around 1.10.
Is it expecting this will go up further in next few days or because of prospects of ATL?
(BTW who bought right at 1.50 could have bought N at same price)