there wasn't much action in the ari entitlement trading, but the...

there wasn't much action in the ari entitlement trading, but the share price was well south of the offer price by the time the entitlements came on the market.

depending on what value people put on the options I would expect the same with pen entitlements.

if share price is less than the 2c in the offer, they would be worth very little if anything at all (but there are always day traders around who will take a punt on anything so they may still sell, the ari ones did fluctuate between .1c and 2c from memeory)

if pen share price is north of 2c then people maybe interested to purchase the right to buy a 2c share (with bonus option)

with the dilution, I am not hopeful of the share price being north of 2c so will sell my entitlements for what ever I can get. Hopingto be surprised.

"mixture of debt and equity financing"
LOL
hook line and sinker