extension of spp, page-73

Issues to consider:

1.current substantial shareholders (of which there are quite few) would have to buy hundreds of millions of shares and fork out millions of dollars each! This is a huge gamble as if they dont come to the party there is no point

2. NRRI has to be underwritten and this will cost a few million to pay underwritters, advisers and lawyers so might only end up with $10m not $13m

3. the SP will instantly drop to 1 cent or below (given the current market probably below) which allows traders to swoop in.

Im summary, both SPP and NRRI are a bad idea. Capital from equity is too expensive to justify future acquisitions.