If wise one is close with his 3:10 ratio on your 208k you could opt to exercise your rights issue and take up 62,400 shares at 2.5c or $1560 and that would give you 31,200 options.
The rights issue and whether it is a ratio or a flat amount per shareholder hasn't been fed out yet, I did ask the company yesterday by email but no reply to date.
Some companies tend to offer every shareholder a dollar figure in shares, and I tend to think this is often done when the underwriter wants a bigger slice. In that scenario they may offer every share holder say $10k in shares whether you hold $1k or $1m. In that case often a lot of the lower holdings will not exercise or not fully. From my experiences recently I have seen more of the set amount per person than ratios in the last year. Sometimes they also offer all or nothing but only seen that once. Where you can take $5k say and you can either take $5k or nothing where as if they offer a block they usually allow you to take a smaller amount like $1k, $2k etc.
AOW Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
