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re: 1:4 rights issue Jam,

It is rare that i would question your postings, as I have you, in another guise, to thank for introducing me to TOX. However your arithmetic is a little out on this ocassion.

1.5c/5 *4 = 1.2 cents as you say but to this must be added the net gain of 0.8/5 = 0.16, resulting from the exercise of the rights, making a total of 1.36.

Nit picking maybe but the difference is significant.

With thanks and best wishes,

terryA