Ann: Entitlement Issue Prospectus, page-66

As my holding is very small, I am willing to have a gamble on a very small outlay and take up my rights issue.
My reasons are as follows-
- To avoid dilution
- To keep Somboon from gaining extra shares ( even the very small amount on offer to me)
- Because the most profitable period for Donaco was when being run by Somboon's crowd under Donaco.
- Because they obviously need capital
- To average down
- Because I can see potential of a turnaround
- Somboon is well connected.
- Cambodian/Thailand border to open.
-Cambodian casinos can reopen
- I expect some relaxation of border closures between Vietnam/China
This will take my average down to around 20 Cents and who knows, may be able to enact a dignified exit at say a 50% loss sometime in the near future.
But believe me I am not buying any more on market and will only do this small top up.
Also I am still extremely disappointed on how Somboon was let off the hook and looks to be gaining from this underwriting.


Christopher