rights issue, page-13

Why did they make a CR at 3.5cts and not at 4.0 or 4.5 cent? Is it because Cygnet is the underwriter and the only one making money all along for a few month or years already.
But, nevertheless I am not so much upset I may get more shares at even cheaper than 3.5cents plus shares in the CR and some free oppies and remember buddies we are getting closed financial year and some people may sell for tax purpose and pushing SP lower.This is only my opinion I wish I am wrong and SP goes up