The market did his maths well before the cap raising announcement when SMA was consolidating at 2.6/2.7c.
Everyone is expecting the SP to "crash" tomorrow , but there is every possibility that it will hold steady or even go up.
it was just an exercise to demonstrate that the rights is not a dead bargain if the SP drops by more than 0.1c.
SMA Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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