rights are a bargain

I picked up some THOR at 0.003 today. Why are they so cheap? 20c to exercise and the heads last traded at 23c.

This is a good recovery stock and the likely low point would be now, close to rights expiry and during global unrest.

But with that difference the CR will be a success, THO will be recapitalised and closer to paying a dividend.

I love to buy at the bottom at a discount.
I'm going to hold this for at least a year.
entry 20.3c - exit 40c.