rights issue

The way i see this is Prestige Glory paid $2,953,500 at .179c for 16,500,00 shares then they paid$102,077.45 at.o289 for 3,532,092 shares then they paid$1,373,200 at.02c for 68,660,000 giving them a total number of 88,692,092 shares for $4,428,777.45 and 15.79% of the company.When they take up there shares in the rights issue they will get another 44,346,046 shares at .02c another$886,920.92 and a 21% interest in the company.Grand total$5,315,698.37 for 133,038,138 shares and 21% interest in the company.The rights issue in total is for$5,600,000 which gives you 280,000,000 shares at .02c per share minus the 44,346,046 which will go to Prestige Glory and you have 235,653,954 shares left at .02c total $4,713,079.
In summary they have paid$5,315,698.37 for 133,038,138 shares and 21% of the company for another $4,713,079 they can get 235,653,954 shares and earn 34% interest in the company.
NOTHING WILL HAPPEN WITH THIS COMPANY UNTIL AFTER THE RIGHTS ISSUE AS NO ONE WILL TAKE UP THERE OFFER AT .02c PER SHARE LEAVING PRESTIGE GLORY TO MOP UP ALL THE REMAINING SHARES.