I understand that but from a purely logical point of view why...

I understand that but from a purely logical point of view why buy something at 4.2 cents when you could get it on market for 4 cents? You still get the same thing either way....but what you highlight is the real risk in this company at the moment. If no one takes up their entitlements then the company will not raise the capital to fund its future plans and so I was thinking through all the reasons why the capital raising might or might not fail.

I guess my real question is does the offer give someone the opportunity to buy a large parcel that they couldn't buy from the market without significantly influencing the price....If so and someone does that then the future for the company looks more sound.