Farmboy the only thing which is confusing to me is why you are so pro this rights issue for poseidon but you don't even hold any shares although supposedly you did previously.
Did you sell them or did you make a mistake with your disclosure?
I for one will be hoping something positive happens soon as I do not have the funds to stump up more money. My only option is to hope the rights are trading close to 10 cents and then I and others whom haven't got the ability to pay can sell and then walk away with something from this rights issue.
Don't forget that placements have a ceiling of 15% before they have to be voted on and that 30 million shares is a heck of lot less than 200 million and lot less dilutionary.
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