Ann: Commercial Protean Wave Farm Approval for the Maldives, page-9

SP down was likely a broader sign of the market today and people sitting on there hands. Very little buying considering the news. You would typically expect a good uplift off the back of this type of release and I think the market just needs to wake up to the progressions that are occurring. Yes, capital raising will come but my gut is that it will be at a lot higher then where we are now. Management have been strategic so far and I don't doubt there is more news to come.

I wouldn't read into the 99% too much. It's probably something like, a local shareholder is required in the company or some other factor.