spp, page-39

Buddy, as I told you the company as of last week had a large shortfall. I doubt there will be any large scale back. At these prices they will raise the minimum as its underwritten by Patersons.

Even after today's poor action in the share price most shareholders who want to participate would have sent funds in already.

When I said the company will wait I meant they have to hold off until all money is received and any late postages arrive. What will be a disaster is if there is a shortfall and Patersons underwriters take it up. They will be sellers and a short term overhang will exist.

I sent off my applications via registered post just in case. Let's hope current shareholders take up their entitlement and support a new era for the company!