rights issue, page-7

hmmm maybe you guys are right, I did manage to apply logic where by the effective price is 28c/(1+1/20). But to be honest I am not sure how i came to that.

If your logic is correct then the whole emphasis on 44% premium is a little misleading. Why wouldnt they just structure it like for every 10 shares you get 1 share at 14c, which is the same logic that you guys are implying, ie for every 20 shares you get 2 shares for an outlay of 28c.

I think we need to speak to someone once the actual announcement is made.

cheers.