cap raising joke

Managing Director, Graham Reveleigh said "Gulf is encouraged to see the level of interest in the placement which represents a vote of confidence in the quality of the Company's tenements and the future of Gulf"

Would have been good to see if there was a representation of the same confidence if the cap raising had of been done at 7-10 cents instead of handing it out to a select few known to Prema Capital.

Interesting to note Prema Capitals directors:
Nigel Kirwan Executive Chairman
Dr Peter Smith Executive Director
Graham Reveleigh Non-executive Director

Were thes investors privy to any information that the market is not currently aware of?

Try buy 14,800,000 on market for 3 cents. This company is a joke