Correct me if i am wrong, but shares were offered at 20 cents in the prospectus to raise $4.4 mill with the issue of 22 mill shares. 16 cents was only offered to Andew Bell and a few of his mates. With share price now trading at 12 cents anyone who subscribed for the recent share purchase offer is currenly well under water on their investment.
correct me if i am wrong, page-3
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