Broker V Reality, page-4

"I could of course go in today and buy at no opportunity cost - its going to be a long wait b4 we see value."

I ask this question in complete seriousness as I don't understand placements that well. As a retail investor, what is the difference between buying on market today at 5.9c and waiting for the entitlement offer at 5.9c. Is there anything at all to be gained (besides lack of brokerage fee) by participating?

I don't understand why so many participate in capital raises when share price invariably reflects that price at or near the same time??

I also note that I bought during the 13c raise and offloaded at 16.5c from memory. Would you expect a similar pump in price following this one before an inevitable pull-back on profit taking?