correct me please

Not talking about old option holders but shareholders.. If you are a shareholder in NEO. Does it mean you have to hold shares as of Record date for Rights issue 18 April, to apply for your entitlement of shares of 1 for 8 at 2.5 cents?

So the more shares you hold at that date the more you can apply for at 2.5? And for every 2 shares you get from that there is 1 option at 6 cents exp 31/12/07?

So for example if you have 1 million shares as of 18 April you can get 125000 extra shares at 2.5 cents and 62500 options? Thanks