hmmm, interesting, page-12

They said they would chew it over.

I'm not sure they want to issuing options these days.

Keep the stock tight is the mojo I think.

I reckon the most likely next step is a chunk a stock out to

1. Insto
2. Arabs
3. Royal Group (will pay a premium to go to 19.9%)

However if they go to the public its my understanding that it would be something all shareholders can particpate in.

I think (I may be proven wrong) that they have had enough of what you get in return when you give brokers cheap stock.

Like I said, many options available.

For the record, I pumped for Insto Placement or Renounceable Rights issues (loved that last one)

I hate broker placements with a passion so I shit bag them with everything I have got.

The last shareholder issue was taken up 81% by existin shareholders and HELD. Thats was better than amazing so dont be surpised if they go back again for one of these.

Next time I reckon it will be taken up 90%+

The broker was howling hence why they got that low ball placement which really p*ss*d me off.