Just comparing with the CR from August 2009, I noticed a few interesting things:-
1 new share for every 3 shares held @4cents per share
Record date for entitlement about 1 week after announcement.
SP when CR announced - 5-5.6 cents.
Subsequent days SP never dropped below 4.45 cents then not long after rocketed to 12 cents.
So if something similar is proposed this time I can imagine an offer price of 3-3.5 cents.
I don't believe though that the SP will drift down to that level (3cents) So I will be happy to buy any shares I am entitled to.
Do your own research of course.
Raving1
Just comparing with the CR from August 2009, I noticed a few...
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