3 Months nearly up.

The last Entitlement Offer closed on 20th July.

The Company received acceptances for 106,113,451 new fully paid ordinary shares (Shares), being approximately 25% of the total entitlements available for subscription. ReNu Energy reserves the right to place the 323,465,222 shortfall shares at its discretion within three months after the Closing Date.

The 20th October therefore is cutoff for additional placement of the shortfall.

The proceeds received under the entitlement offer, when combined with the $2.8 million received on 17 July from ReNu Energy’s new co-owner of the Goulburn Bioenergy Project, will enable the Company to continue growing and expanding its bioenergy and solar businesses.

We have 3 weeks to see evidence this 4.07 million has been used to expand our business such that SH will be happy to participate in a further entitlement offer prior to 20th October, correct?
Added to this 4.07 million, my understanding is further cash from advertised sale of AJ Bush asset be relaized but no idea what terms are for this. (both the sale and advertised upgrades to the facility)

I realize its all old news folks, just trying to generate some feeling and let Mr Ricato know we are patiently waiting..
Am also changing my sentiment to hold for now while we see what the last 2 months has been about!