china mobile mou is huge boost wow 600% up, page-12

Same formula for the penny market. ie. rights issue, partly underwritten by the Chairman finalised two weeks before today's MOU. GL.

Sydney - Wednesday - December 30: (RWE Aust Business News) -
SmartTrans Holdings Ltd (ASX:SMA) today announced a non-renounceable
entitlements issue to raise up to $1.636m before costs.
The company is offering one new share at 0.5c for every two
shares held at 5pm WST on January 13 2010.
The offer has been partly underwritten by Dymocks Securities Pty
Ltd, a company that is controlled by SmartTrans chairman Mr John Forsyth
and of which SmartTrans director Mr Andrew Forsyth is a director.
Dymocks Securities Pty Ltd is also a substantial shareholder of
the company.
Funds raised by the offer will primarily be used:
(a) to develop new business opportunities for SmartTrans'
logistics and transport solutions software in China and Australia; and
(b) to conduct exploration activities at some or all of the
Company's four exploration projects,
with the balance to be used for general working capital.