made another little calculation - this is how bloody good this offer is in my opinion:
here we base the assumption, both options reach .3c
For example, If you hold 20 million shares and take part in the entitlement offer, the calculations are as follows:
Cost to Purchase New Shares: You can buy 10 million new shares (1 new share for every 2 shares you hold) at $0.005 each, costing you $50,000.
Revenue from Selling Options: You'll receive 5 million Long Dated Options and 10 million Short Dated Options, totalling 15 million options.
ASSUMPTION: Let's say SP rises to 1 c - now both options will probably each be worth .3c
Selling these at $0.003 each generates $45,000
Profit: Selling the options leads to almost covering the $50,000 cost of acquiring new shares.This means by participating in the entitlement offer with 20 million shares and selling the received options, you effectively almost cover your outlay 45k of 50k outlay
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