renounceable rights issue, page-7

At 11.5c share price, the share price would have to be 28.5c at expirey for you to be better off with the rights offer than if you bought on market.

so (excluding transaction costs) a simple way to look at it is;

Share price at expirey

Loss < 28.5c > gain

As the above said, depends where you think the share price would be.

I personally dont like this small offering and it doesn't look like the markt likes it either.

I still have confidence in managements ability o get stuff done but not so much on short term shareholder wealth.
this move, IMO, sux for shareholders.

I personally think (although others disagreed) that the MTE investment has been poorly managed. MLM should not be in the game of holding onto speculative shares. I would rather them have sold and banked it. And no, thats not hindside speaking. I disagree with any small cap taking on risks that go outside their main line of business.

Now, MTE is worth only a fraction of the +50c they could have got out for. Its now worth 7c.

Start managing your money MLM before you start asking shareholders for more. A real disappointment.