1 share for every 2 at 0.005 per share, page-24

phishpheet
In 2009 SSN had a 6 for 1 spp offer @ 1.2c for a massive dilution of 1.7billion shares,the shares were trading at 3c at the time.The shares shot up to 23c from 1.2c in the next 18 months after the offer.

The cap raise was always going to happen because we need to finalise payments for ablation.

The fact Directors and Officers will be taking up their full entitlement and to will partially underwrite the Rights Issue for a minimum of $400,000 gives me confidence.

Effectivley shareholders are asked to come up with $1.7million

The big question is,will some short term pain add long term value to the company?

In my opinion the $2.1 million will add significant long term value