RWD - A Billion Dollar company?, page-63

Hi Peachy ,
With the entitlements ,I was talking about the potentially salable '' rights '' that arise to present shareholders , because it is a renounceable share raising.
For instance , if the share price was 10c , and there was no other way to get the 5c shares , then the ''entitlements'' might be worth 3 to 4 c .
My gut feel is they will not have any value, because there is only a small premium to the raising price and the possibility of them becoming worthless if the deal doesn't go thru .

What i am talking about does not reflect one way or the other , about the prospects for the share price in the medium or long term.
cheers