please explain, page-13

Good question Westy, Well this is my take on it, others feel free to give your thoughts,

Each right that you convert for the sum of half a cent gives you a share and an option exercable for 2 cents for another share.
So these rights are worth the current price of the shares, less half a cent and add on what you think the option is worth at the moment.
Bloody confusing, i know but given the shares today ended at .009 i think, i would value the rights at .004 and then add on the option premium which i think would be .002, giving us a grand total of .006 cents.
Everything now depends on if good news is released before we have to apply for the new shares.
Basically if the shares go up so will the rights, regards The Tinhopper.