Ann: Appendix 3B - Rights Issue Prospectus, page-10

cunj,
please explain - "you could have got them at the same price as the offer or cheaper on market yesterday...".

Or cheaper? No trade under 2c mate. And how many could you have bought @ 2c??
The tiniest, baby volume at these levels. And at 1 share for every 2, you'd be struggling if you wanted any consequential holding from the entitlement issue. Maybe get a couple of extra at best?

There is next to no free-float in this company. Directors and toppies own almost everything. So who do you think will hold all the shares from the issue?

I guess my point is, "dilution" is not really "dilution" if it's in the right hands.

I own a fair few, and I'll be going for my full entitlement. And I'll not be flipping them for a quick profit.

JS' 10 bags investment strategy is almost self-destructive if this thing flies.

Look at the strategic KOL set-up. You don't throw your tech to KOLs if it's crap tech.

And you certainly don't develop it.