Ann: General Meeting Presentation by CEO , page-7

there was always going to be more dilution, anyone who bought thinking otherwise had rocks in their head. question now is how far can they push the shareprice to ensure dilution is minimised and upside maximised for existing holders. as an example. when they cull back to 115m shares we will still only have a $7m market cap. if they can get the share price moving towards $15m at least we are back to the level we were at during last raising -- and they've done a lot of hard yards since then. I'll be happy if they can lock away $5m or so and keep the share register to around 200m ... that would require a share raising at around .06 ... needless to say .08 would be better, albeit doubtful.