Ann: Bass launches Capital Raising, page-30

I do have mixed thoughts on it honestly. I'll absolutely take my full allotment or whatever I can get but I do wish it was a higher price for support reasons. I also realise it's really been done at a smart time also as not that long ago the price was under 1c, so this worked out much better considering we all knew a cap raising was coming, get it while the price is risen. It also allows us to pay out stratmin and remove that 2.5% royalty. It also should tide over until cash flow +. Then there's also the fact that the free options probably weren't needed at such a low price in terms of dilution. However, management has shown multiple times in a short period that they have done many smart moves, that also provided additional benefit beyond what was originally thought. That plus the fact they own a large amount of shares and work over there on the ground giving their all (ie their success is determined by the value of the shares also) their hard work would want to be rewarded so they would probably be taking this into consideration. All things considered it could be done worse and if they left it and it dipped for any reason we would be in a worse position. Even if the price of bsm SHOULD fly you never work off assumptions and take what's a definite. All in all as much as I was a bit frustrated by the price, it doesn't effect how I see this playing out and in all honesty, doesn't change too much in the grand scheme