Ann: Cardno Provides Market Update and FY16 Guidance, page-30

With this latest news - certainly wish I sold half I have to admit. The downgrades are very significant, the fact is a crap raise on bad news usually leads to a hammering as there the double whammy effect at the same time, as there is bad news, and lots of new issuance trying to find a home. The wrinkle is the PE interest. I'll certainly be buying up on this, if there share price does go to around a dollar. Will try to time it well. I suspect Crescent could not really be happy about their timing - they really were a few months too early, and could have got their extra position for 30% less perhaps.