do you see this company with this as their last option offering dividends, i don't see how.
there are really too many questions unanswered from Peter. there are many rules regarding rights offerings and many ways to do them, so until he presents more information like
will there be a pre-emptive offering how many shares what price preferred and who will get those do they have an underwriter, who is it do they also have a sub underwriter (that could be a large shareholder)
Who cares if we receive warrants or not? All that means is we would have to pony up ever more cash in addition to the amount we will have to pay for the rights and there would be even more dilution. A stock right with a warrant attached may be the way they go, but it isn't like they are giving us anything. They are selling it to us for a price.