Entitlement Offer booklet should be out today and the stock hasn't even managed to meaningfully crack 0.2c yet to make the offer attractive to take up.
Notice too how they very subtly ensured the Placement closed and new shares were issued one day before the Record date for Entitlement eligibility. So that the sophs holding the 800,000,000 new shares got a one-for-six given to them too (=133,333,333 extra they can apply for). In reality, the effective dilution thanks to the Placement is actually 933,333,333, assuming they take them all up and noone else bothers.
@Laver: I'm watching too for these sub holder notices to be filed. They will be due right about now.
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