options rights issue, page-10

always confuses me, I think you need to buy on Wed to qualify for options.

Now this is a strange one, heads need to be 13 cents for it to be in the money, not a lot of time till cut off date to qualify.

Not a huge amount of money to be raised.

So, how will it work, what are they up to

either they want the sp to be in the money come 5th Aug, which means it would be a good buy now at 9 cents, I mean would I buy options now, if I pay 1 cent now I would have to be confident sp would be at least 13 cents down the track.


or they hold news so sp stays low in order to let Cunningham to take most, if which case they would have to be confident sp would be over 13 cents by the time they need to exercise, and way over 13 cents.

in which case it would be a good buy at this price.

hear they are a shody bunch but cannot see the downside here, CXunningham's wouldn't risk that money unless they knew the story.

any comments.