Alternative View11 Oct 2019 10:52
The Open Offer may not be fully subscribed at 2p - some are currently buying and selling at below the offer price. If the offer is undersubscribed then they may have to do a placing at a lower price to get the cash required for the loan conditions to be met.
To profit from that scenario it could be argued that the logical way forward is to sell now and use the proceeds to open a down-bet CFD. And then, if the Open Offer does not raise the required funds, use the proceeds from the CFD to buy a larger pot of shares in due course.
Just an alternative view but I am suspicious when people post on bulletin boards to pay a higher price for a share than you can currently purchase at - it just does not make sense to me.
No doubt I will be called a troll and some will suggest filtering me - they will be the same people who are suggesting that buying in the Open Offer at 2p is a good idea when you can currently buy at a lower price.