pre open?, page-44

Cast your minds back to the AGM resolutions. For a limited time they wanted approval to be able to place upto 250m shares to an investor. This was followed by the appointment of Rockbury's.

The key point is that they only asked for a limited time period (I think 3 months) to place those shares.

I'm would think that they have now found one or more entity to place those shares. It would be interesting to see at what price. Shareholders had their chance at a gift in the form of PENOC so this CR will not involve us IMO.