Ann: Pro-Rata Renounceable Rights Issue, page-28

not really Bahar, the rights issues takes a while to go through, and that will remove buyers from the on market.
Think about it. Who is going to buy on market, when they have the right for 2 for 5 at 1c.

What it does, is creates a cap that suppresses the sp, as any premium is sold into.

Even the previous CR at 2c, floated above that and eventually as new script hit accounts was sold off to 1.8c

There are two waves, the first sell down, is any premium above the CR before the CR is finished.
the second, is when new script hits accounts.

Its just that some who werent fast enough for the first wave, dump into the second when thier new script is in hand.
Fast forward when its all over, and yeah, theres upside, but be realistic in terms of what a CR does in an interim period.

For mine, there is no point sticking your neck out of the trenches (above the cr level) as it will just get sold through over the coming weeks.

The only other consideration is corona, and when our trials can proceed.
Makes 3 year options necessary i guess.

There are always buyers who rush in, and think its a bargain, without looking over their shoulder to see the wave of sellers coming.