rights issue, page-8

my maths aint to good but looking at it again
if you have 100,000 shares and you buy 5000 shares at 28c you will also get 5000 shares for free which means your average is 21c.still a premium at todays sp but maybe not in july!!! still not sure if this is good or bad.
if you buy more but have less share holding the average is higher so worse at todays price..still not to sure what the direction this is going but still does look better because at least they are not cheapening the sp...
maybe im not looking at this straight .still after a few vino,s its hard to look at anything straight...
will look at it tommorrow...