just bought 180000 from right issue25 Feb 2009 20:51
I was a bit confused on the rights issue. I understand it as follows; I had approx £29k in shares these dropped to a value of £6k over night, shock! I was then issued approc 280,000 rights issue at 10p each. This means you must invest more money to have a chance of making money. I purchased another £18k which totalled another 180,000 shares. These are now trading at 12p each so instant 20% increase. The remainder of the rights shares are availbe at around 1.4p for the 100000 shares these must be traded by 28th otherwise you may loose them or recieve a possible, not gurented, buy back. All in all a medium risk, however I think with the high number of shares muliplied by a small increase this could be a big winner