rights issue dead, page-2

It will be interesting to see the result. Sad for Metex that the timing of the SPP was in the midst of market uncertainty/correction.

Next step?

Either wait to see if SP increases and try again, or drop the SPP price below 10c (Usually need to be at least 20% below market at time of ann to have any chance of success as SP will almost always drop prior to distribution by 15-20%).