my reasoning is looking at the over supply event that opens a discount window. I already hold at 1c, so am betting on a good outcome. Though disgusted for existing holders who had to have their equity 1/3 FD. But we cant not over look, that when a flood of over supply hits the market, some new position, some old will sell one or the other heads/ ops to reduce the cost base on the remaining.
It is simple over supply event that i am addressing. And when you are issuing nearly 1 B shares and options, the tiny thin reeds that are pushing over and above the bargain basement, may find themselves under water.
There is only one safe entry price then, on the ops in this case for mine. 0.1c (unless the wave sits there and holds the sell line at 0.1c with a large overhang for an extended period = risk)
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