RNIR??, page-12

squire - there are a myriad of ways of approaching this as the clock ticks down - one option (poor pun) - would be to flog the (now) ex shares at say 1.9c or ideally at 2c to partially fund taking up the full rights entitlement which is 2.5 shares for every eligible share at 2c plus the free 3c oppie - for most that will mean realising a paper capital loss though but for some it may suit?

thus say someone had 100000 eligible shares which are entitled to 250000 new shares plus 250000 new oppies - sell the ex shares at say 2c raises $2000 (less brokerage) which can be applied toward paying the $5000 for the new shares and free oppies

that tactic may be effective for some especially given there is no buyer to flog the rights to anyway

of course rich dudes like you will keep the shares and just write a cheque for the new shares and free oppies and fair enough - thats how you got to top 20 holder status and need to maintain it