Ann: Renounceable Rights Issue to raise up to $6.2M, page-463

I think some people are mistaking Jerko's money management by calling him a tight ass and are believing that this is connected to his option to purchase more shares right now.

Lets get one thing straight, some of the richest people I know are the most frugal with their money.
Not because they are tight asses but cause they look at money different to the rest of us. They only choose to spend on items of necessity or on things that make them more money - I think this falls into the last category.

If Jerko has absolute confidence in getting AGY to fly then I will expect he take up his whole allotment. I'm sure if he doesn't have the money right now then I would expect he be able to raise it. Firstly, because he knows that him taking the whole thing will be a catalyst to kick start the share price and secondly, because it will make him a ton of money - pretty simple really.

I'm sure he could make a phone call to any of the T20 and get the whole amount then and there. And if he couldn't sell the idea to a T20 holder who is already heavily invested in the company then I really think we have an issue if he's the one trying to sell our product for hundreds of millions when he can't even get a personal deal for hundreds of thousands (and I'm guessing the terms on that deal would be very favourable to the lender).

This is Jerko's baby and he knows how to play the game.

If he doesn't take up any of his allotment then I think the writing is on the wall and the sp is here for good reason.

If he takes up some of his allotment then I think it may not be a signal to run for the hills but I think any decent OT may be a little further away than we'd all like.

But if he takes it all up... Then thats a bloody big green flag waving us through to the next leg up and beyond...

Guess we'll have to wait till the end of March to see where we stand...