241/2 cnts per share for 1.28 new sahres?Sand, have you read the preliminary prospectus? From what I understand, the rights will not actually be traded like on the open market.... They will be traded through Computershare, but you can only tell Computershare to sell your rights or not, and they will only trade at a "best price available". And they may not be tradeable at all...
I may be wrong, but this is what I understand from the prospectus. With such low volume on the stock, it will be almost impossible to actually trade the rights.