meeting - issue of 100mil shares and options, page-17

Well at the end of the day the so called sophisticated investors will do whatever possible to get the price as low as possible since the issue price will be no lower than 80% of the average of the previous fib trading days. All depends on who the selected investors are - if they had a possible deal then why not wait until at least a rising market and inform the market - the fmg deal went along those directions, but now left with an unknown allocation, a falling price and no idea what the proceeds would be used for. It would certainly be better public relations to provide some explanation to holders. For all I know this could be one of those pitches at a financing company instead of real investor in order that the company can secure its salary money's. hopefully not but in the past year unfortunately nothing has come to fruition and the court case - having to wait six months for a hearing was ridiculous and still having to wait even moreso. Not sure what the company was doing in the interim but better be worth the wait since thy could have all taken six months leave and saved the salaries.
Just a tad negative since obviously this announcement would send the sp lower - and I no news even moreso - if that occurs then that is directly attributable to the directors without question.