Talking about when the rubber meets the road from my last post and all hell broke loose indeed. Lendlease Global Commercial REIT ("LREIT") announced on 22 March 2022 the impending kick off of the private placement as well the preferential rights issue of 29 units for every 100 units owned and wow, this is more than double the amount I was expecting. As I read on the fund raising document, I nearly fainted when they revealed the price of the rights issue to be at a whopping 9.6% discount to the weighted average market price- a low ball offer of S$0.72 per unit. Unit-holders who have no money or refuse to subscribe will be severely diluted by the super low ball price of S$0.72 per unit which is a 20% discount to the January 2022 peak of S$0.90 per unit. I also expect the market price of LREIT to drop further upon the resumption of trade....