Never said that was the reason I didn't take up the rights.
I didn't take them up because you could buy the shares on market for .005/.006 (which I did a few) so why pay .007 and take the risk the SP might plummet even further?
Also bought a swag of the old oppies for .001 because, in spite of their current unpopularity on the forum, I can't reasonably see that they won't rise to .002 at some point before November, 9 months away, and then I've doubled my money. Seemed a better and lower cost investment than shelling out .007 per share and how long will it take them to double?? Forever maybe with investor sentiment so low
Mainly I was mad at management that they did this to their shareholders - losing our money - and then we are expected to cough up more money for them so our holdings don't dilute even more than they already did. It really stinks.
E2E Price at posting:
0.6¢ Sentiment: None Disclosure: Held