update very close, page-4

"One of Melua's comments on the other site has been ringing in my ears, while it be the next lot of investors that recapitilise the business that will get the biggest gains from this coy ? "

NO.

INT will either sink or swim. All companies are the same.

Recap is different to capital raising. INT might need a smallish CR. They dont need and will not do a recap.

Recaps are like OZL, BBI/PIH, JPR etc. The new money coming in is a large percentage of the total market cap. The shares are heavily discounted, and the new shares end up with all the upside at the expense of old holders.

INT may go down a discounted cr/placement path, but the amount raised will be insignificant(maybe unpleasant ST). The discount will also be inline with asx listing rule of 80% of VWAP.