good trading opportunity this week, page-9

Pastel why would anyone want to rush in and pay a premium for a rights issue, if I have read the announcement correctly, on the basis of 1 for 2 shares @ 14c with a free attaching option for each stock issued? Considering the current SP of 15c that is a huge dillution.

And what is worse you are actually paying for the entitlement virtually at the current market SP and all you get is one free option. Now the problem is after a 50% share dillution if I read that correctly you think the stock currently sitting at 15c will hold it's value at 14c?

I would think the SP would sink to closer to 10c - 12c considering the dillution of capital maybe more and how much will your options be worth then? That is assuming that the current SP is fair value and there is no news coming I am basing this solely on what you are ramping being the entitlement issue.

Sorry Pastel but I can see why you are ramping so hard to try to get out of this stock before you get your day trading fingers burned but anyone buying in on these rampings from the info you have provided is going to get burned also. If there is something more substantial other than the entitlement issue please post it otherwise stop the baseless ramping - the issue is a dud on its own IMHO.

And don't forget trading means someone gets left holding the ticking bomb so to speak - won't be me. BTW good luck to long term investors I have only quickly posted my thoughts based on Pastel's posts nothing else so would love to see you all clean up in the long run or with a nice announcement which so often happens to correspond with the listing of the new shares.