Ann: Trading Halt, page-64

Again my observations over time.

Current share holders would say get a renounceable rights offer for say $1:35 (Discount price from current SP of $1.44)

Now everyone cannot afford to buy at that price.

Underwriters get the leftover at a further discount price, say $1.25

Underwriters are not there for a future investment, They will start fobbing off the shares on the ASX from $1:28 onwards at a quick profit.

This will bring down the average price of the DEG shareholder by over 10%.

Wiping off value on the original shares they hold, and start losing on the their rights buy.