place done, page-24

Zedster ! Stop worrying about the $$$$ champion ! Hoots has got it sorted .

1 for 3 - $2 option ( underwritten by Azure ) $1 up front $50m in the bank when issued - options then escrowed for 18months with $1 payable when exercised.

If you dont exercise you lose your initial stake and the underwriter picks up the balance.

Raises another $100m all shareholders are treated equally and if everyone takes up their full entitlement all shareholders are treated equally.

Simple really ! LOL

Cheers Hoots