cut the chase, page-2

The positive announcement should be after the record date so the sophs can sell tranche1 but still be entitled to cheap rights shares.

It will be interesting what date they choose. Will it be a date thats past to 'reward loyal holders'. Or does CPS not want too many shares to be underwriten.

$2mil is alot to raise for our current market cap. It wouldn't surprise if PNO announce a record date set in the future to allow new holders to buy in specially for the rights. But its hard to know what they are thinking.

Is the rights deal compelling enough to buy or not. Does CPS want alot of shares.

I still lean towards Aug 29th being the cutoff date. Means sophs can basically sell from day one but retain the right to buy more at 0.5c

If the date is still to come, eg sept 9th, then sophs need to hold until then before selling. Sophs want a quick 10-20%(more with thte free option). They aren't interested in holding 1-2weeks because more risks arise, like the market tanking.

So IF the date ends up being 29th Aug then I want to be informed NOW. So I am on a level playing field. If soph get a weeks headstart on us, that will be the final straw imo.

If PNO have good news it will either come after tranche1 is sold but BEFORE the rights have been paid for. So the sophs make a quick 20% now follwed by more when they get the rights shares. No risk. Because if the sp hasn't risen then they dont participate.

Or the good news will be delayed til after rights close to discourage us from participating. Has risk because sophs are buying on faith that news will follow.

For me the record date and the date they announce it to market are very important because it should give hints on what game is being played. Then we can play along with them.