How do you figure their is no gun to your head? The rights are worth virtually nothing. It isn't a real choice. Especially the way they structured it with the free options. So you get immediate dilution, followed by more dilution in a few months, and more after that.
Dont fool yourself nto thinking this was a good deal or a fair deal or done in shareholders best interests. They structured it this way to force you to buy now and force you to contribute in a few months.
They new they couldn't raise at or near 10c so they offer huge discount. The sp then falls. They know they cant raise all now so they offer 'free' options. The price the options slightly more than the shares to hopefully prob the ST sp and gaurantee most get converted.
They know instos wont go near it especially the amount required with the issues we've had. They tailor make the raising for mum and dads. Its not loyaly. Its need.
PLV Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
