objo clarification, page-14

tracypaul

Rights offer is 1 share for every 5 currently held at 1.5c per share

+ bonus of 2 options for every 5 new shares acquired (free of charge)

If I currently have 1,000,000 shares, I can apply for one fifth or 200,000 shares at 1.5c

Cost = $3,000

PLUS

I receive 2 options for every 5 new shares (=2/5 * 200,000), an extra 80,000 options free.

Assuming I convert, I get 280,000 shares for $3,000.

This equates to 1.07cents per share.

(Hope that adequately explains my calcs)