Ann: Issue of Shares and Appendix 2A, page-20

Oglo
Thanks for that.
Some people I have spoken to were quite blunt, e.g., what did they and you expect.
If done 12 months from now I expect the result would very much different; as we all moan, we want some hard information/action.
The bottom line, as some have indicated, is the insto's/708s always get first crack. Forget the theories, offering to instos is very simple, no SPP documents, timelines, ASX reporting, other than the end result. Simple and cheap, the brokers et cetera do the work.
By going through with the SPP and then extending the deadline basically shuts the gate on the whingers - they have had ample opportunity to participate. It would be reasonable to expect their silence for a good 12 months.
More salient, your math indicates stuff all had the b@lls or interest to bother even with a $2k buy.
Without any argument, the shareholders have absolutely zip reason to complain. The Board offered and retail took stuff all interest.
To be upfront, I didn't partake, I just felt I hold enough.
regs
lemons