announcment out now, placemnet, , page-19

Agree l3xm4rk - I am disappointed with the 20% discount on recent VWAP data, but on the flip side i am heartened that Cygnet this time have more incentive to hold the oppies and stock as opposed to dumping at a premium.

Lets not forget with such dry volume it isn't like Cygnet have the option to dump a mill or two above their 20% discounted price.

IMO this was the reason for the discount..

Cygnet: "Guys, happy to help out and provide funding. However, under the normal 10-15% VWAP rules - also taking into account the current SP volume and lack of buyers - we are going to need a bit more incentive to hold this for you."
IK: "sure, no problem. How does 20% VWAP discount sound, and if you dont dump the oppies on the SH'ers we will top you up with some more shares?"
Cygnet: "Yea, that sounds better."

IMO - with this raising they have bought (pun intended) a few months to ANN something of note. They can't afford to pul this type of crappola again, as Cygnet would really make us pay for the privilege.

So - surely there must be something coming soon?

In the meantime, SP likely to stay within the 2.8c-3.5c range due to this placement short term.

BTF