Ann: Non-Renounceable Rights Issue and Operations, page-2

re: Ann: Non-Renounceable Rights Issue and Op... this will be interesting - a share issue at 4c, when the shares are trading at 3c.

keep in mind, that a lot of the money, will really be used to pay director fees, office and admin etc.... watso cannot recall what the deal is between mxr and the admin side of things - but often times it seems that directors have fingers in several pies.

watso knows, that a company like mxr can be operated from a home office - a bit like some pollies, who get paid from the public purse, but have a business on the side