I haven't been able to verify that information Macloud.  Where did you read it? 

 

If what you're saying is true, it remains that the company costs were in the order of $1m, all in, not the ~$10M final cost the company would have been faced with through a secondary share financing.  In other words a minimum saving of some $9M going the Rights Offering route.

 

Cheers,

 

Brit