Hi Tangrams, what i mean is that if the SP remains at 1.1c at...

Hi Tangrams, what i mean is that if the SP remains at 1.1c at the time the stock delists then 17:1 would equate to 18.7c.

Now the 20c issue price was SUPPOSED to represent a discount in order to attract interest to the raising. At the time this was all announced i believe the post consolidation equivalent SP was in the region of 28c. Therefore new shares at 20c are quite attractive are they not?

How can you tout a discount to interested parties when they are effectively paying MORE than the underlying SP?

Ofcourse RRR are underwriting the issue so i would imagine that the full underwriting amount would go to RRR at the moment which perhaps says something in itself? ;-)

There appears very little buy support at the moment so who says 1.1c is the low? Historically yes but that wont be enough to keep the SP up i would imagine.

Like i said earlier, the timing has been very poor!

Interesting prop currently at 1c by the way. RRR perhaps? ;-)