advise required please, page-4

rg, the basic facts are:
if you hold your stock until they go Ex the entitlement (today or friday) you will be entitled to buy 1 share for every share you current own, but at a price of 3 cents per share.
When this stock goes ex, the stock will probably open the next day basis this formula (closing price on last night of entitlement plus 3 cents divided by 2. eg 12+3/2=7.5)
In a nutshell the coy can issue shares at any price the market will buy them at, above or below market.
This one is called a rights issue and unfortunately is designed to get them out of trouble.
Look on the bright side you could've bought at 30, 40, or 50 ish like some others.
Ps. I think you could use the services of a full service broker, the market is a nasty place that may tear you to shreds.
Good luck.