If they are to raise $175 via rights only at $1.25 that implies a need to issue effectively 140 M rights.  Given 100 M shares o/s does that mean 1.4 rights / share for current shareholders.  WIth stock at $3.10 each right is worth $1.85.  At 1.4 rights / share, does that imply $2.60 value / share?!