shareholders miss out, page-7

Could you imagine what would have happened to the SP if the following played out?

"These shares should be offered to Shareholders and Option Holders as in a SPP"

Many would get their entitlement and sell their shares on market for a quick profit. Dont forget we were trading around 11 - 11.5 cents when this placement went through. Its a very strong vote of confidence to have raised the money so quickly via placement to sophisticated investors and institutions. Yes the sophisticated investors and institutions can also sell out now for a quick gain but I would like to think majority of them are in for the bigger picture. There would of been further short term pain if your scenario had of played out.