Shareholders sent Gijima's share price to a record low of 1c as concern about technology company's future mounted ahead of rights offer to be launched on Monday JITTERY shareholders sent Gijima's share price to a record low of 1c as concern about the technology company's future mounted ahead of the rights offer to be launched on Monday.The company intends to raise R100-million for working capital and to pay off debt. This is the second time in 17 months that it has approached shareholders with a begging bowl, after launching a rights offer for R150-million in June last year.The company has proposed a rights offer of one billion new ordinary shares at the subscription price of 10c per share.The offer is fully underwritten by major shareholder Guma Group, which is owned by the chairman of Gijima, Robert Gumede.But a media report last weekend that the company was hanging on by a thread pending the outcome of a court case over its government contract with the Department of Defence - and...
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