voting on cap raising, page-5

"THEY WONT GO INTO ADMIN!!!"

Ummm, if the cap. raising fails, yes they will. Simple as that.

You may want a better deal and think they should offer one, but at the end of the day, the company has completely stuffed themselves with their lack of transparency and arrogance over the years, and the simple fact is, with the amount they need to raise, nobody is going to support it at any higher than the level offered simply due to the risk involved.

I have read comments suggesting the cap. raising should be at 15 cents, but they MUST have the support of major institutions for it to be successful, and nobody is going to support such a risk at that level. Even at 6 cents they are going to struggle. without significant news and enticements for people to take up the offer.

I'm not trying in any way to defend the company in any way for placing the offer at 6 cents, but with their complete incompetence over the last two years, I think it's their only chance of success.

For those holders out there with a decision to make, would you rather vote no and risk administration where you get nothing, or vote yes and at least have the chance to escape somewhere around the placement level of 6 cents?

I know which option I would be choosing if I still held.

PS I still smell a rat here with Lange and a P/E firm becoming a major shareholder in the washup.