"IF I can buy shares at .052c then why would I buy via the RI at .055c ? I know it would be good for the company but I'm past that. I have been taken for a ride a hundred times. No more."
In the rights There is also 1 option free be with an exercise price of $0.03 with every 2 shares bought at .055 which tends to nullify the veracity of your statement
Maybe you were not totally aware of your surroundings on your previous rides ?
However I do think this slam down in the sp today seems overdone given the companies prospects , and such a small dilution from the placement .
Ann: Placement and Pro-Rata Non-Renouceable Rights Issue, page-16
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