SATE OF PLAY, page-8

Tootip , With a rights issue , the share holder benefits, SSH by offering eg 1 share for every 5 shares owned by the investor at the time of the offer , only those that own shares are can take up the offer , so if you own 100,000 shares you will only be offered 20,000 shares to take up @ say $1.20, if you are short or own no shares you will miss out , if SSH give a forward date as the ownership date , anyone can buy on market or will miss out on the discount , share price usually rises .cheers