Ann: Trading Halt , page-41

ORD needed the funds after GRAM pulled out, so CR was a given.

But mgmt deserve credit for giving all holders the right to participate at a rock bottom price. Guess that's what it took to get Patto's and the existing shareholder to underwrite some of the raising.

Giving new investors and opportunity to get in before the raising also good.

Of course it would have been much more preferable for the CR to have been done at higher prices last year. But I can only assume mgmt thought GRAM was coming on board, so there would have been no need for a CR this year.

I'm definately going to give the offer serious consideration.