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Cleveland21,

If the EBIT for 2010/11 is projected at $11m why was the recent capital raising so poorly taken up?

I don't understand. This indicates that current shareholders do not agree with this EBIT estimate, and now that they have fallen so short on the capital raising they are very limited in cash.

From the last Quarterly Report they only have 2 Quarters of cash left at the current burn rate.

Great story, seemingly great product but significant growing pains. It isn't as if the major shareholders have a lack of funds so something smells fishy???

Cheers
John