selling sub-siding, page-3

re: selling sub-siding - comments I don't think so mate.

At the end of April they still had approx $830,000 left in the kitty.

At current burn rates they would still have between 6 to 7 hundred grand still left.

The selling i saw today was in VERY small parcels. Although we still haven't got an announcement the tax loss selling is certainly magnifying the drop in SP.

In my opinion the company didn't want the options exercised, i am now firmly believing this. As someone else posted i reckon we will see a SMALL placement to mates, and then the contracts will be unleashed.

Think about it, would you rather 50 million new shares issued (via the options) or maybe an issue of 5 or 10 million???