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This type of issue allows shareholders to either subscribe to the new shares at 0.12 or sell their -OR to others who may want to subscribe. As per price today, - OR price should be around 0.12-0.135.. Hahaha...
You can sell your -OR if you don't want to subscribe. If you don't want to sell -OR and don't want to subscribe, it's not more than tissue paper for your -OR since the lifespan for -OR only few days.
Bro LEE, if you want to subscribe right issues, you've to own - OR either you buy it on market in case you're not a shareholder, or you get it free if you already a shareholder. Price of -OR depends on market and not fix.