something smells, page-2

I agree Greyhound, I wont be taking it up as is.
If the 30c oppies are to be anywhere in the money to reward loyal support, it will require the SP to be well in excess of 100% improved from here, If the SP has risen by that much, It's highly unlikely that we will want further dilution. A tradeable oppie with a strike price of 15c or a non tradeable oppies with strike price of 20c would have been better. There is no incentive to take this up, even if I want the oppies, I'll probably get them on market for a cent or maybe even less, not to mention the heads. This is a very sad effort at a cap raising & no wonder why there has been a bail out of peeved holder. Perhaps it has been set up to fail, so mates can get in if things are rosy within 3 months. I also disliked the manerism of the company telling shareholders it was their own tough luck to face dilution if not taking up offer, a rather standover approach; very unimpressed. They certainly need more rabbits from the hat to restore my faith in them.