Rights Offer

All the other threads have been hijacked - hopefully we can have a civil discussion on the rights offer in isolation and leave the other crap to other threads? Remember - you don't HAVE to post.

I received my entitlement form today. I have 1.7 million shares, so I'm entitled to 170,000 shares at 0.013c, bundled together with 42,500 options. That entitlement would cost me $2,210

Heads currently @ 0.009 x 170,000 = $1530
Options currently @ 0.004 x 42,500 = $170
Total to buy on the market = $1,700

Clearly I'd be nuts to take up the offer. I would be absolutely astounded if anyone else does either. Where does this leave us as a company, and is anyone actually mad enough to be considering accepting this offer?