It will put the lid on the price at .003 for a long time UNLESS...

It will put the lid on the price at .003 for a long time UNLESS they have some good news waiting in the wings.

I hope there is some kind of a major good news announcement coming in the next 3 weeks or so as that will encourage a substantial take up of shares if the listed market price goes up before the final date for purchase. Otherwise, i think there will be a poor take up from most holders who are pretty well close to having had enough.

Note that you can request excess over your pro-rata entitlement. My guess is that they have some organisation who have some shares who are ready to pick up most of the shares that are not taken up as entitlements. I very much hope that they do have someone waiting to take up the excess, even though it will be a substantial further dilution for current holders. It will be difficult for the company if they don't get a fair bit of cash out of this.

If one or other of these are not the case, then I'm afraid the whole thing will be an excercise in futility. Unfortunately I have too many shares to be able to take up my whole entitlement, even at .003, but as a last ditch effort I will support this as much as I can reasonably afford.