Ann: Renounceable Rights Issue to Raise up to $3.39 million, page-18

Well I think the reason is that shareholders who do not wish to take up their rights previously would have dumped them and the company and shareholders would have derived no benefit. Now if the shareholder do not want to take them up they have the ability to sell them to someone else who I expect would want to take them up.

This could allow the company to maximise the take up of the rights issue and bring more money into the company, but it is all going to depend on if there is a good market for the rights.

I note that under the heading CL8R there are some buyers this morning at .003cents.