Ann: Trading Halt, page-115

"The dilution will occur in the last week of November and again in December. At these points in time the SP will dilute by 90%."

Are you absolutely sure that's how it works? Considering that in return for the dilution RFG gets a huge lowering of debt. If your analysis is correct then the share price will fall to around 1.5c, yet they are pitching their placement at 10c and it is being taken up by sophisticated investors. Doesn't that seem a bit odd to you? I put it to you that you don't know what you're talking about, but am prepared to apologise if you can explain in clear terms why the extra shares on issue are 9 x more significant than the debt lowering implications of the restructure.