Ann: Entitlement Offer - Extension of Closing Date, page-52

I am out. I have decided I will not participate in the raising without the moving to close contract being announced. As the say money talks ***** walks. I have bought about half of my entitlement on market at 19.5 cents. (7 percent discount to raising price). I can't believe why anyone will hand over cash knowing they will be immediately in the red. They have untill Tuesday to extend the offer closing date which I suspect they will do. At which point I will reassess my participation in the raising. Goodluck.