thx rights issue, page-2

i get what you're saying. if you want to increase/maintain your holding you can do it on market without going through all the hassle of completing the prospectus etc etc.

if you have a look at the volumes that have pushed it down from 7c to 5.5c it's something like 300,000 shares moving it from 6.5 to 5.5 and only 20,000 from 6 to 5.5.

So I think its just a case of some sellers looking to exit rather then get diluted and because there are no buyers (why would you buy above 5c when you get your rights at 5c) the price keeps dropping.

I wish people wouldn't dump their holdings like this but thats often what happens in very small caps - especially when the share price was something like double the current price less than a month ago.

Unless it falls to 5c or less I will be taking up (at least) most of my rights.