The announced rights issue prospectus - one for one at 4cps - is a blackhole of non-information. It uses the 31 December 2009 unaudited financials. Is there perhaps a slight of hand in that subsequent spending is not at all disclosed? If so and the spending has been significant then this would be tantamount to fraudulent misrepresentation as it would be very material to the evaluation of DVM sharevalue and hence the rights issue.
Incidentally it is to be noticed that the highest shareprice is supposed to be to the date preceeding the date of lodgment with ASIC not the day itself, but more poignantly the latest available closing price (specified as yesterday) is wrongly given as 15cps when in fact it was 10cps.
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