Note 1"The Directors will wait on Shareholder response to the...

Note 1

"The Directors will wait on Shareholder response to the Options issue and
will assess the current market conditions at the time before deciding on
their intention to subscribe for their full Entitlement under the Offer."

You can tell what the Directors think of the company. They're waiting for all us poor suckers to throw our money in before they commit a cent!

Have a look at the salaries these blokes are milking this company for. Greg J Wheeler $340,000 (last year) $225,000 2012-13)
Michael H Wilson $250,000(last year) $210,000(2012-13)

Then look at what a successful Manager, who hasn't asked his shareholders for a cent, over at CAP takes.

Holding because I have no alternative