You get one option for every 4 shares.
You have to pay 1c for the option, to convert the option into a share will cost you 20c.
So you pay 21c and can currently sell at 47.5c... simples
Haven't read to see if they will be listed, if they are then they will probably trade for low 30s, say you pay 1c and sell for 30c
Either way money for nothing
Ann: Entitlement Issue Prospectus, page-3
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