watso was jsut tossing a fe numbers around in his head, and it...

watso was jsut tossing a fe numbers around in his head, and it might be that gda could be worth a flutter. this is how it works.

first of all, simply buy 1000 shares at about 2c (ie $20), - that is no big deal, then take up the offer on the basis of 1 for 1 - ie now the holder of 2000 shares, and 1000 "piggy back options". a read through the prospectus, reveals that if there is a shortfall in the take up of the offer, then shareholders might be able to increase their stake to 200,000 shares. so there might be a chance to get an extra 198,000 shares (with the piggy back options) at 1c each - so a all up cost of a about $2050 (including brokerage).

there is always the chance that there might be a bit of a pump and dump - but if for arguments sake, the shares go to 5c, then the piggy back options might trade for about 7.5c (the piggy back option allows a person to take up a share at 1c, and then be granted another 1c option. this type of scenario would see a $2000 punt, turn into $25,000.

keep in mind, that it is gambling and not investing - but watso jsut presents the numbers for a bit of interest, and the piggy back options expire in may

at the end of the day, this is just the start of another blow out in capital, and there might be a reasonable expectation of another consolidation in about a years time.

after this issue, the company will have about 150m shares on issue, as well as 75m piggy back options and a heap of other options (which will probably never get exercised). the company will also issue 10m shares to a company called rockdale captital- not to sure what that is for, , but there has been a mention of a company called rockdale (might not be related), in previous reports, and they had something to do with plaints against the company (but these were dismissed)