SpiroJust a few things.You are referring to a rights issue...

Spiro

Just a few things.

You are referring to a rights issue whereby all shareholders are offered stock. This is unecessary and costly for the rather small amount they raised IMO.

As some have eluded to, there may have been mention of the impending book build.

You also have to consider that most holders offered stock at 0.005 would likely just dump at market to take up their entitlements i.e breaching the chinese wall.

A bit of new blood in the stock is not a bad thing.

IMO all the doom and gloom talk is probably not justified either. The brokers would have a fair idea of the outcome of the court action and other upcoming results. They would be unlikely to take up such a quantum of stock if there wasn't an upcoming even to create liquidity for an exit and at a healthy profit ... just my thoughts