Quick lesson on renounceable rights. Ex Rights date was today. So if you bought by the end of Jan and held or didn't sell until today (1 Feb) you will get rights. Rights are 1:1 (equal to your shares) and will show in your share trading account under code NTIR You can sell your rights, buy more or do nothing. Chances are the market will be illiquid. Rights cost 3c each to exercise. For that you get 1 share and one option (see below). If you buy rights, your broker may take the exercise money as well as the rights money, eg if the rights cost 0.5c they will take 3.5c. Deadline to exercise your rights is 20th Feb. If you don't pay your 3c each by then, they will expire worthless. The options will probably trade with a code like NTIO, and can be exercised any time in the next 2 years. Options cost 6c to convert into a new share - the company gets the 6c as extra cash. You would only exercise the options if the SP was over 6c. Chances are the options market will be very thin too. Questions?
