It’s been a while since I posted in this thread. Rights issue is coming and we all know its going to happen within the next 2 months. I participated in their last 2 rights issue, the first one at 15 cents (SP was around 22.5 at the time about a 30% discount), and the second one was at 50 cents (SP was around 90 at the time about a 40% discount). Current SP is about 25-28 cents, so if we split the middle it would be 35% discount making the rights issue about 18 cents. I’m praying this doesn’t happen but they have taken a little longer than I expected for their HL trial and that’s very disappointing.
David Varcoe better have something good up his sleeves to convince me to participate this time around, although PR is getting better but they really need to spend a little more money on further marketing and design of their website.
GL all, I’m still holding but getting more annoyed as time pasts.
rights issue
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