Ann: Renounceable Rights Issue, page-11

IMO there is so much selling pressure in this share if you wanted a larger holding you could pick it up under 10 cents anyway. If you can buy shares less than the option strike price there really is no point in converting. Like others I have got burned with the options but the pain could have been greater if I bought heads above 15 cents. Anway I am sure whatever game OEX management and sophisiticated holders are playing will be revealed in due course. The question is there going to be a floor on 4.1 cents before those in the know collect their quick 50% or more gain or will the share price head lower.