a rose by another name would still smell sweet, page-5

There is dilution coming.

247.2m shares at 1.1cents was a lot better than the 1,150,000,000 shares at $0.007 per share to raise a total of $8,050,000 including 1 free option for every 4 shares in the placement back in November 2012.

For shareholders who got in at a price well above 3c ... yes its going to be a rough ride. For me to get in at 1.1c its a deal that I am prepared to take.

What is a good deal and what is bad is all about the timing.

Or lets not involve a dilution and send the company into administration ... this was a real possibility from December to February.