Ann: Fully Underwritten Non-Renounceable Entitlement Offer, page-160

Sorry,
I really came across as an ahole!

I agree with this opinion:

This is playing out according to plan. So just to be clear, forget about the short term and focus on the big picture.
1.Aahana underwriting this is all we need to take from this announcement. Like Baulk said, they will have 200M shares roughly after this. They are in this to make big $$$.
2. No takeover bid required by accumulating through the rights issue.
3. Further finance coming next to get it to production. No need to focus on how much production and all that as we won't be producing for that long. Just enough to prove it's viable and $$$ can be made with plenty of upside.
4. Then announce the second board member. Expected to be a very influential and connected wealthy man who will assist greatly in the end game.
5. Things start to happen with other sites such as TBar to make the package cka is offering much more attractive. Don't discount the value this brings.
6. Producing black gold and the for sale sign goes up.
7. Sold to another entity and I think we all know who it's going to be. Game over and everyone walks away into the sunset counting their cash.
The path has been created and started, so it's just a matter of seeing it through...have comfort in the big picture people and forget the intricacies of the day to day as the ones making the real big $$$ are worrying about that. No stress here. Best medium term investment you will find. Just my thoughts and I'm sticking with this one until the end. SimpLe.