You are right one powerball with the conclusion that oppy holders will lose doubly if price goes down, and win doubly if they go up, but thats why people buy oppies, increased leverage.
Given that the issue was over subscribed at 10.5 cents by instos, then the "wholesale" price of the shares at the moment is really 21 cents consolidated. It is only their face value is 20 cents. If thats the case, then we should really have the shares at their current wholesale, and so hope to gain abit when they go retail.
Looks like im going to have to read the prospectus properly to see what happens if we don't send the form back.
