Monday 16th is no ordinary day for NEO. By 5 pm Perth time the...

Monday 16th is no ordinary day for NEO. By 5 pm Perth time the Option conversions finish officially. Then it will be a slightly anxious wait for a day or so before the results of the Rights Issue can be released.(mid to late week)????

It will be only a "slightly" anxious wait because we know that the majority of the issue is underwritten.

But obviously the more strongly individual shareholders support the issue the better picture it will paint of company health.
If there is a lot of the issue taken up by the underwriter then the impression of a company struggling to win positive support will be reinforced and the share price will still be weak.
On the other hand if there is limited need for the underwriter to support the issue then the impression will be more positive for NEO and the share price could get a bit more strength.
The more that the cpmpany can get a 100 % support of the issue the better it will be.
Here is hoping.