Ann: Trading Halt, page-23

WTF!!!

When I read TH naturally assumed hole 27 results most likely

Hmmmmm, I'm thinking there's more to this than just a cap raise. Well I hope so anyway.

This was pumped from 16.5 to 18.5 on good volume yesterday so I'm suspicious now that' there's more to this than a straight cap raise.

Do they need the money with the oppie expiry being only one month away from bringing in cash?

And let's not forget they just received $1.25m from Dr Fu only 2 weeks ago when he converted 12.5m oppies at 10c

Will this include an underwriting of the oppies because a raise at a discount depending on price will naturally put some downward pressure on the share price resulting in less uptake of the oppies by current holders so doesn't make much sense at all.

Caveat emptor,

that possibly it's a cornerstone investor taking a position with and option underwriting agreement thrown in.
Ideally if they pulled off a cap raise at a premium this is likely to ensure the oppies get converted by current holders and if not whoever the car raise is for gets to pick up the unexercised oppies bringing their average entry price down a bit.

There has to be more to this than meets the eye at first glance as otherwise it makes no sense whatsoever.

I'm holding judgement until I see what the smiling Cheshire brings to the market.