1 for 1 at 8c, page-25

Another capital raising. At 8c a share, what a joke! They raised 81 mill back in November 2012 at 50c a share in a private placement to two Chinese investors diluting our share holdings by adding another 162 mill shares. Total now stands at 584 mill. If this nonsense goes ahead and all the shares and bonus options are taken up,I have worked out that that this will lead to 2,044000000. Yes, over 2 billion shares quoted. By the way where has the last 81 mill gone? Looks like a black hole of miss management to me!