rights issue, page-6

IMO, it may be a eg. a 1 for 5 issue where a shareholder may be granted the privelige to buy one share at a price according to eg. the 5 day or 30 day VWAP with a 20% discount.

IMHO, this proves that the refinery acq has toppled over also.

I'd say by examining the register this may have been the only way to go forward - a SPP may have been disasterous as perhaps a limit of eg. $5,000 would have to be set where many ouwld not bother. With the above example, the larger shareholders may not be penalised....

Anyway a prospectus will be issued IMO where the eniitlement date, record date, closing date and dispatch date will be provided so that any shareholder who wished to participate will know the calendar of events.

Their is major dilution coming....