whats comming, page-20

"1) Hardly a surprise.
I called this on Friday. (no i didn't know about it)
They were low on cash and it has to come from somewhere."

The shares are going to an investment house, not some more loose holders, which is a good thing IMO. Existing holders are not being asked to put up cash.

"2)The amount raised is not good indicator of faith.
Dilution not a major issue, but the 5M oppies at 5c strike likely to have some downstream effect."

Raising a small amount to tide them over until either the options are in the money or until the SP is higher to raise more cash with less dilution is a good indication of faith. The options will provide almost a full years operating capital which will support the SP.

"3) Cygnet back many companies, good - bad - otherwise.
Total fee, unknown at this stage."

"5) The upside is they have bought time and keeps the minnow alive. This could go any where from here with the projects they have and tiny mkt cap."

Good points.