options holder and rights issue, page-2

My understanding is you would only convert options to gain heads so you could partake in issue...but why would you when you could buy on market.
I believe 2013 opts (1.5c) in play up to that date unless this raising fails etc .
I don,t think there is a limit to number of shares you can apply for.So if you bought 10shs (and bots seem to be able to do this) you could apply for the other 2.5 billion, which is quite possible to do if nobody takes up issue.