Ann: Extension of Entitlement Offer Closing Date, page-3

This is precisely why spp plans on illiquid stocks like mel are a dangerous game to play especially when its clear they are desperate for cash, i undertand that its to include existing holders but sometimes it just worth getting it done in a day or 2, bam funds in the account and ready to roll. Look what happened to ven when they did the same and the underwriter(in there case regal)ended up taking up a very large piece of the placement and putting them in a very precarious position.A worst case can play put here where is very little of the spp is taken up and someone may very well become a majority shareholder potetially holding a very large piece of the register. Does anyone know who the underwriter is on this placement?