Originally Posted by
silverblizzard888
I'm not sure you've got the entitlement offer numbers right. As its stands you can sell 100% of your holding and be able to replace it by 340% more on top of your original holding. If you have 10,000 shares currently, you will have 44,000 shares in your entitlement. Meaning you can actually sell 44,000 if you take up the offer and still have you 10,000 share holding, you just have to wait until you get those new shares before you can sell though. The total consideration is 54,000 shares in this case, that is the better perspective to take.
Giving the closing price of 12.3 cents today thats a good 4.3 cents, or 53.75% premium on your entitlement offer price, though I don't expect it to last. Short term it'll head to 8 cents a share sadly like all capital raising situations, long time I hope their strategy pays off.