Ann: Renounceable Rights Issue to raise up to $6.2M, page-484

Yeah, nice sentiment, but I don't think that's how it will work.

The shares associated with the rights you choose not to exercise will join the shortfall pool resulting from any other share holders doing the same thing. These will then be allocated to other shareholders who apply for additional shares with their acceptance.

The other way to look at it is, the person buying your rights will convert those rights to shares supporting Argosy's cash raising plans. If you can make some money selling rights you can't afford to excercise, I'd go for it.

DYOR