Ann: Entitlement Offer Prospectus, page-7

I got a letter today about this. Let me get this straight? I can subscribe to the share offering and buy 1 share at 3.5 cents for every 8 shares i own, with an option for every 2 shares i do buy, i will be able to buy another 1 share within the next 3 years for 7c?

Am i getting this right? Why in hell would i do this? I can buy shares from the open market today at 3.5 cents. Why the hell would i buy an option to buy a share in the future at double the current market value. Why wouldn't i just buy 2 shares for that price RIGHT NOW. It just doesn't seem like i'm really getting much value here.

Oh yeah, and... over 1.1 billion shares will be out there now.

This is basically, "don't buy from market sellers, we already have their money from our last raise, buy from our latest print! It's better!" Share printer go brrrrr.

I own this stock, and have done for a long time now, and i've lost enough on it that i'm staying in, but damn these "offers" just seem really sh*t. Unless i'm not understandig this correctly, which is possible. I'm happy for someone to show me where the value is. Give the shareholders at least a little bit of something to get excited about. An option to buy shares at double the price they are at now in the future, but first you gotta subscribe to our newest print... and give us your money. Not even Crown Casino is allowed to come up with such a double down, multi layered type of scheme.