If you sell before the 13th you do not get the entitlement.
On the 13th the share price is going to fall down towards 25 cents.
If i owned stock I would sell all now bar a few so that I am still elligible for the issue.
Then buy them all back via the shortfall application. This will be massively undersubscibed and you will get your shortfall application
Ann: Entitlements Issue Prospectus , page-4
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