yes your making sense but that will only happen your way of thinking if they put the date of the rights at a forward date which i dont think they will do, i really think that retail holders might have a chance of it being a 1 for 5 or the likes so not so much dilution but a chance to top up at 50c or so..if they come out and say they have found anther investor to pitch in at 40c or so i would be worried of they share price falling alot but i cant see them doing that. Management are a bit more clued on then that so im thinking a 1 for 5 at 50c..fingers crossed.
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