Maybe right Eddie but 6 months ago all existing shareholders seems full and unable to buy anymore (my cranky days when I borrowed to buy) so suddenly they want to pay for more at this level? I don't know what the plans are - I guess the fairest would be raise half from new sophs or instos and do a deep disc rights issue but I would be happy with a placement to new money as long as the disc was reasonable. New money is good money especially if it is insto or broker arranged cause the research and scrutiny that goes with it helps existing shareholders.
From what muz has said about the registry we still need sophs and instos to come onboard. They often buy after a placement as well - it helps make them look good!
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