I have a few ASC - I doubt the rights are worth 5 cents. In fact I think they are worth about 1 cent.
You can't put a time premium on rights for ASC. Conversion price 10 cents. Look at SWT options, SWT as a share has done much better than ASC in the last 12 months. but SWTOA has a negative time premium. Easy to compare as a similiar price.
I think there would be very few people, given their history, that would like to buy oppies in ASC. Shares maybe - bit more liquidity and they are doing very well on their balance sheet, but oppies - 5 cents is ridiculous.
I have a few ASC - I doubt the rights are worth 5 cents. In fact...
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