Smart punters would be buying stock on market at 1.8c that...

Smart punters would be buying stock on market at 1.8c that aren't eligible for the rights issue

Record date was yesterday, so anyone not holding as at then is ineligible to apply for the 1.7c stock

Only have to look at the price action in ISN from when Patto's got involved and started promoting it to assume there is a chance some smart punters will get wind and try to front run the research/promotion

In the end, if the option was a 2c SPP to all holders and no insto support or a 1.7c SPP to holders with insto coming on the register, I'm taking the latter option.