capital raising oversubscribed, page-8

The token offer of additional shares was something for the retail player following the 'in the money' options that were granted to the directors - a slap in the face to those who understood the history of past placements this year and last and the ridiculous amount given to Gauci as part of his runumeration package. Granted that was offered by the previous incompetent board, but this lot passed all as well as the Accorn placement which equalled the amount of shares offered to shareholders in this now last round.

So yes they are just like the rest, still a job for the boys it appears which is disapointing, but as said we did get a snippet of what has been handed out. The positive, We do now have two decent industy cv's with industrt relationships on the board so when the sellers over the coming mth or so wash through, I would like to think we can make some decent strategic moves that will be reflected in the sp next year.