share issue, page-15

Nice of the directors to come out in the prospectus and in subtle language convince any shareholder with commonsense that the company is up shit creek and not worth investing in. This will ensure the underwriter has to pick up all the shares at 3c. How unfortunate for them. They will put in the majority of the $8M and end up with control of ENG and the $8M, and they get paid a fee of a couple hundred thousand for doing so. Does the ASX wonder why small investors are scared away from supporting small companies with promising products when small investors are treated like this. Good on you 7.