Ann: Share Placement , page-3

That is a pretty small placement.

Roughly 20m shares... which is only about 2.2% of current listed shares.

Basically the discount CXY has given is 20m shares x 0.009c

Which is only $180,000.

$180,000 divided by shares on issue prior to raising, which were roughly 920m, means each share has been diluted by $0.0002 per share.

Note I have been sure not to make a typo there... that is two hundredths of a cent.

So if the market was rational and on that fact alone, CXY should stay at 8.1c, or maybe 8c.

Unfortunately I think some people will see the 7.2c figure and just dump. They will only be shooting themselves in the foot.

Note that none of the above takes into account recent market movements we have missed.