I spoke to the CFO a few weeks ago.  I right gives you privilege to buy 1.4 shares and the market also telling you that today.  That confirmed my previous post when right issue came out and I knew 140 million share would be issued, I thought perhaps 1.4 rights to buy 1 share but it was 1 right to buy 1.4 shares. 

I soild my shares this morning at $2.95 as I knew value of stock and rights meant that there was in fact a big move in the value of combined share and rights.  At $2.25 ANS share price, warrants are worth diff in share price from excercise price * 1.40 = $1.40.  That alone is a combined $3.65 which is a jump up from Friday's close.