re: Ann: Underwritten Entitlement Offer Confi... "My holdings...

re: Ann: Underwritten Entitlement Offer Confi... "My holdings which are larger than some of the directors has basically been halved by this latest announcement. Do I cough up another 100k+ to try and recoup some of the losses I have just incurred?"

That depends on your view of the company, which seems like itis negative. I'm fairy neutral myself, not owing any but prepared to buy if sentiment changes towards small companies.

You are no worse off because of the issue alone. The value of your investment last Friday is the same as it is today, actually its a fraction higher at the last sale of 13.5 cents which equates to 17 cents last week.

I'm sure you know the sums, but for anyone who is not clear, this is how it works.

If say you owned 1000 shares last Friday, your investment was valued at the close at $165.

Today thsoe 1000 shares are worth $135, and the rights which you own as entitlement are worth $33.75, = a total value today of $168,75, versus $165 on Friday.