for the jh knockers, page-34

I am thinking that if JH was not entirely confident of positive flow rate results or other positive announcements he would have just given the whole SPP allotment to the institutions.

Allowing the existing shareholders to have a crack at the SPP shows that he thinks that the public placement will be oversubscribed on the back of some positive future announcements and perhaps create a bit more publicity for the company. JH in my opinion has via this SPP shown a very optimistic outlook for the company.

Having held CTP for over 18 months ] and going through two previous capital raising efforts, initially my thoughts were 'here we go again...' with this announcement and the way it has be worded I am feeling a lot more confident.