Ann: TSI - Successful Completion of Retail Entitlement Offer, page-2

32% retail participation. Lucky the subs were in place, otherwise funding shortfall. I expect we will see some short term pressure on SP as that is a fair bit of stock the Subs probably don't want, Brokers received a 3.5% underwriting fee over the whole issue (as well as the 1% deal fee)... So id image sub-underwriters probably got 1.5 - 2..5 %... So that effectively puts the stock in their hands at somewhere between say 1.56 and $1.576.

So Expect to see it trading there this week or next. And hold around here until we see some more sales (So A quarerly in Jan) is probably next update and catalyst for improving share price.

Definitely a longer game than I was planning for - but will just wait it out from here, trading close to all time lows.