1:7 unattractive

Buy/hold SEVEN share at 16/15.5 to get ONE only 13c/share. After record date if sp down to 14c or lower (I think it will) you make a big loss with only gain 1 or 2c benifit for that ONE cheap share right issue. That is why ppl selling 16/15.5c to get out and get cheaper shares later without apply for that only ONE 13c/sh. The best way for me is to buy after record date or after new cheap shares on market. The only benefit is broker/underwriter, small share holders are the losers, particularly ppl hold >19c are in trouble for longer. The more shares issue is bad dilute to sp and if consolidate (say 1:5 or 1:10) then sp will be more trouble. So I just sit on my hands,do short term trade for profits.

I did apply for NTU right issue + extra short fall + free oppies = good return for me and other share holders as well. But FMS right issue is not attractive at all but worst for share holders.

This is my view only. Plse DYOR, good luck.