I believe shareholders are somewhat at a disadvantage as they...

I believe shareholders are somewhat at a disadvantage as they are entitled to fewer shares than the option holders...1:8 for fps and 2:7 for options.

I agree in the rights issue as an instrument to raise cash. This is a great opportunity for the company as there are so many hopeless option holders that would like to minimize their losses if they just had another chance. For others is an opp to buy cheaper shares, as long as the market price is up there! otherwise why would you?

Oxiana did a similar issue to options holders years ago when the options expired useless. PPL took advantage of it, some recovered their money when price picked up and others made a lot (lot) more...

I believe NEO has the goods and is a hold in the mean term...patience is a virtue, but patience doesn't pay the bills...