renouncable pro rata offer , page-11

Looks to me like an offer the biggest holders have probably been hoping for.
They will surely take up all they can get at a lower than market price, per share.
the other takers will already be holding and will not immediately sell out for the quick $'s as they already know the potentila of this one.
so a win - win.
a few of us lucky holders mught cash it in on the hope they may retrace after the offering has been issued, but thats in my mind would be a very very short term plan on IOH.
better hoover up anything you can get sub $2.00 as there is not many more buying opportunities for that level in my humble opinion.
lets see the close today, if its higher than the lowest of the day the nervous have already left.
it if it finishes on the low of the day or near enough, I will be wondering why and what i might have missed.
good luck all long termers