spp, page-15

re: got what you asked for.rab.. One powerball. It is very strange that the share purchase plan offer under "Number and allocation of shares" is to raise A$2mill at .62c = 3,225,000 shares with the right to accept over-subscriptions for a further 3,225,000 shares.
They have listed 4,032,267 new shares today, 12/10/05.
So we have a shortfall of 2,417,733 shares worth A$1,498,994.
Roughly, working it out,if they had sold all the shares we would have got about %75 of what we asked for.(I got %55 with the sale of the 4 mill).
Of course in the next paragraph it says "the board of directors reserves the right,at its discretion to amend any of the terms and conditions of the SPP". Did they get tired of counting or they just dont need the money or ,big OR will those other 2,417,733 shares find there way into somebody elses pocket.CONSPIRACY THEORY.Just me being silly.
RAB