I'm sure the following strategy is obvious to most ppl:Sell all...

I'm sure the following strategy is obvious to most ppl

:Sell all or most of your shares after the record date (17-11-2009).
:Buy them back through the RI entitlement plus apply for any shortfall if so desired

That way, you only buy the shares if the RI is successful, ie, MOG raises the minimum amount for B/H and Cornea wells.
If the required funds are not raised, MOG refund your money.

I must say, todays RI document certainly highlighted the risks and unless there is some more positive news coming, a shortfall looks likely.

Albers and other MOG directors are yet to signal their intention if they will take up their entitlements.
Is there a plan to place shortfall shares to Morgans/Pattersons ?

On the positive side, Albers hasn't gone to all this trouble to see the RI and associated transactions fail, which would result in him defaulting on his rig contract with Songa.

Lets see what the amended memo and independent rpt contain.