whn rights amendment, page-12

At 2.2 cents for the heads I couldn't bring myself to do it, the money didn't go off. I've got lots and lots of these didn't need the extra exposure at this (option) price. My suspicion now is that not all the oppies were taken up so there will be a significant shortfall. Co will want some development money so we will see a placement at 2 cents or so to sophisticated investors, that's my guess anyway. This will put our 7.5 cent exercise price even further away, even with the wind money to come.

Don't get me wrong I reckon WHN is great buying at this cheap level.