Rather than Rheingold (aka Andrej) waiting until the closing date of the SPP before underwriting the Rights offer up to $400,000, that money would be better served buying shares on market, IMO.
Even if as little as $100,000 was used by Andrej to buy on market, it would help boost the SP so shareholder actually consider participating. Andrej could then underwrite the remaining $300,000 at 1.1c.
As it currently stands, it appears as if Gaz is the only one to have participated.
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Mkt cap ! $2.936M | |||
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