Ann: Placement, page-71

So the existing shareholders that have held the stock & born all the risk, don't get a look in on a sub-market capital raising . Speculators get the opportunity to buy the shares at an 18 percent discount to market. This is wrong & should be illegal. It shows you what the directors think of their bunny shareholders to who they also sell their free performance shares on market. These shares can fall to 13 cents easily in a down market & make yet another red entry in a speculative portfolio. Dealing in these specers in a mugs game.