Monhawks-I like your stategy.I took up my full enitlement to average down.However to sell @0.03 would have cemented a very large loss as my average cost at the moment is about1.5 cents and this will reduce to about half of that cost.My first goal is to get my capital back which should be possible if Greenday come up with something special.I would also point out my recent experience with the MHL right issue where I applied for my full entitlement[the processing was stuffed up ]and the shares that I applied were then placed into the shortfall allocation.Despite the fact that there was a massive shorfall to the offer I never recived any shares and my payment was refunded. My point is that the broker obviously wanted as many shares as possible for their own self interest.I hope you get all the shares you want.Just to finish off the new major shareholers were also burnt by SBN ans also have a vested interest to get some funds back.
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