entitlement offer - what do you think?, page-3

If you think the company will survive, and the share price will not go below 0.2c (refer market depth), then it makes sense to sell your shares at 0.2c and take up the entitlement - at least you get a return on your money for 2 years (less any brokerage costs).
If you are later able to sell at 0.3c you have made 50% gain.
If the shares go to 0.3c in say 3 months, in theory the notes (which will be listed) should be valued at $15.00 - again, not a bad return.
If you have sufficient cash to take up your entitlement in the short term but you don't want to maintain the increased LKO investment in the longer term, you can immediately put on a sell order at 0.3c for sufficient of your existing shares to recoup the cost of the notes - again you are way in front.
I have taken up my entitlement.