Lets refuse to surrender, page-30

I will vote yes on the potential of Gridcomm. We will claw our way back into the green, although our 'multi-bag' dreams may be years away instead of months unfortunately.

The one thing I am confused about is constant talk about 20c SP upon re-listing. My understanding is that 1/35 ratio @ 1c means the SP theoretically right now sits at 35c (to be swayed up or down depending on pre-open buy or sell orders). I was with the understanding that the 20c public offer was for a CR only (and 'public' may be restricted to current investors at this discounted rate based on how many shares they currently own: the last CR I think was 1 share @ 1.2c for each 5 ordinary shares you held).

There seems to be two general views on this forum: 20c opening or 35c opening. Can someone with experience in these things please explain what we should expect with opening share price?

My hope is that the opening SP will be a base of 35c and the CR will be open to existing investors at a discounted 20c to help reduce our average if we wanted (restricted to 1 20c share for every 5 ordinary shares held, or something similar.)