Ann: Financing Update $10.8m Entitlement Issue and $5m Placement, page-133

To further answer your question, the only feasible possibility I can imagine for SAS knowing the gap can be closed is that they will close it themselves. Maybe they had an institution which said if we have have twice as much of nothing then we'll buy it, but that seems an even longer shot than the directors getting mortgages on their houses.

It seems doomed to fail. If they are going to run this the same as they did in Sept then it will do even worse. So why bother? That's why I say they must have decided to meet their entitlement in full. But I don't see how that will happen so pretty much I'm thinking this may go the way of the dodo after the GM. But who knows . We don't need to wait long to find out.