Ann: Becoming a substantial holder, page-16

With a further potential 5% in the SPP this is a 30% dilution! Why at a price 50% lower than two weeks ago????

Even if desperate for funds (which they must be to raise at this price) why do an even more dilutive SPP?? Surely you would only raise the minimum at these levels.

Considering the executive directors own 30% it doesn’t make sense. They have lost $12m in last two weeks and have made it very hard to make it back