not dead yet

Agreed with you totally Flyman. There are big orders coming in the very near future in my opinion. These will obviously be announced late September just prior to the closing date of the issue. The resultant increase in the sp will make the rights issue price look like chicken feed. They have gone for a rights issue so as to give all shareholders a chance to maintain their relative shareholding. It is all relative and if you want to participate in the rerating in the very near future then try and subscribe to the rights issue. It's just a pity that the times globally have been against us with the markets correcting and major countries sliding into recession. Time to have courage and take a punt. The market for MSC's product should hold up well.