afr today, page-10

So at a $70 million raising this results in the issue of 280 million shares. Based on the $1.70 offer price based on the maths and a shareholder not participating in the capital raising then the post capital raising equivalent price of the take over offer is $1.17.

So, assuming the comments in the afr talk about major shareholding participating in the capital raising then all shareholders had better be offered shares otherwise we might as well have taken our chances with another Chinese takeover and potentially have received greater value compared to trusting management who are only out to look after their own interests.