Ann: Rights Commence Trading, page-90

Unless people are broke, I don’t know why they’re giving away their Rights for not even enough to buy a macca burger. Rocks rocks rocks on my head.
Those Rights are extremely valuable if converted as it gives the holder free options (1 option for every 2 Rights converted) with 2 year expiry. In fact I’d be buying those rights and convert them sacrifing $1k or $2k per million as i believe these will be very valuable in 2 years time. If we’re 20c then, 1m of those options will net a holder at least $153,000 and I don’t need to convert the options hence no cash outlay until Sep2020.