I was thinking whether there's a way to make the best out of this rights issue...seems bleak. For those who haven't read, do read my first post on this rights exercise: OCBC rights issue (Part 1) first. I thought of a few ways. Let's just assume that the buy in price is $10.20, just to make a comparison. Commission is not included in all calculations, unless otherwise stated. Theoretical ex rights price (TERP) based on $10.20 is $9.92 1. Buy in at 1 lot at $10.20. You'll be entitled 125 rights shares. You'll have a total of 1125 shares. Apply for 875 excess right shares at $7.65 to round up to 1 full lot. Average price per share: $8.93 Advantages: You reap the maximum number of odd lots need to top up to 1 round lot, just by buying 1 lot of mother ......