""The non-underwritten placement will be conducted by way of a fixed price offer at $0.20 per share, representing a 7% discount to the last closing price on 14 April 2011""
Doesnt seem so unreasonable or suspect. I mean 7% discount is ok when you are raising such a large amount of money!
Lets make sure we only place these shares, we wouldnt want to go public or heaven forbid offer them them to existing shareholders!
Not unreasonable at all to hold back all the announcements, we have been busy talking to professionals on how not to give too much away! I mean on how to structure the capital raisng the best way for us and I do mean them!
The rush is on because they are bursting with news!
Piss poor for existing shareholders but you never know they may throw some crumbs our way! So like good little shareholders please sell out or shut up.
SIH Price at posting:
21.4¢ Sentiment: Hold Disclosure: Held