interesting rights issue, page-5

re: interesting rights issue - no wonder it's goin jacoba1...

It was already running before that.

Iv'e been picking them up in dribs and drabs all day from 18c...it's really the only way to grab them in such illiquid stocks.

I intent to keep loading up until the record date.

I found it interesting that the company bothered to include the existing 30c option holders given they were so far out of the money...for each of these options that get converted the holder gets another 30c option for free.

On this basis, you would think the fully paids would need to be trading well over 25c for the maths to add up and thereby encourage any reasonable level of conversion.

Might be an interesting start to next week?

Cheers!