why i don't like the placement, page-20

some thoughts on why although considering recent history being cautious is called for, but not for this CR:

1. this placement is not to a single investor but to various institutional and sophs - its not upto one or two to decline the offer.. all have to decline.. very unlikely.

2. the company was happy to do a 15% CR - but the overwhelming demand led to them having to increase the offering - this in itself speaks about the interest out there for our stock.

3. its not easy to dump this stock at a profit - the buy/sell depth will tell you if someone wanted to get rid of a couple million shares, they would have to take a loss.. not many shares traded compared to other companies with similar profiles... so the intent to make a quick buck doesnt really apply to this stock.. see AVB which had i think 60 million shares traded in a day.. if we did the same under selling pressure, we would sink back to 5cents??? .. thats my view based on the market depth.

4. this is a convenience CR, not a desparate one - and institutional interest clearly indicates the potential of the recent find... its a 20mill MC with nearology to a multi-billion find... its an obvious investment!