Got my acceptance form today and had an argument with myself about whether to exercise it or not due to the current price.
Yes, 2.5 is less than 2.8 but the share price is tending slightly downwards. It could be 2.5 by the time our shares are issued.
My deciding point to go full in is the free options. Whether they are in the money or not by expiry its still an attractive opportunity.
I've changed my sentiment to hold rather than buy for now.
Ann: Renounceable Rights Issue to raise up to $15.8M, page-319
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