rights offer

well once again the instos have siezed control.

Insto were alllocated offer was at $1.05

Rights offer to holders is at $1.03, closing date 16th March.

I sold 20k at $1.055, only to buy back at $1.00. So i wont be taking up my rights.

Now that the money men have this pegged at $1.02, i can only see most holders not taking up their rights. Those rights not exercised will fall into the hand of the instos at $1.03.

whats a bet that come the 16th close that the SP moves up to $1.07/$1.08 region.

damn instant profit of 5%.

Well if it does i will be tempted to sell some.