Blacks,That might be a silly question, and I'm afraid I don't...

Blacks,

That might be a silly question, and I'm afraid I don't know the answer. However, there is another (third) option that has to be considered. i.e. If you buy today at .37 rather than pay the .40 for the rights offer, what are the chances of you missing out on getting shares for, say, .35 if it goes lower.

My plan is to wait a little longer and see what happens to the SP over the next week or so. The worst case scenario is that you will still pay the "official" .40 which for this share is a bargain for anybody looking further ahead than the end of their short term nose.

If I end up paying .40 I won't regret missing out on .37 or .36 or whatever once the SP starts moving back to where it belongs. Whether it is one month, two months, three months.. who cares. The only losers are the people basing their decisions on fear and short-sightedness.

We'll be smiling by spring, and laughing in summer!