Dont be concerned Michael, it will be ok. Here's the...

Dont be concerned Michael, it will be ok. Here's the resolution:

“That for the purposes of Listing Rule 7.1 and for all other purposes, Shareholders
approve the allotment and issue of up to 100,000,000 Shares to the persons, on the
dates and on the terms set out in the Explanatory Statement.”

Notice the word 'UP TO'. Now you have to remember that the company still has some work to do to get to commercial arrangements and then to attain a market share. This doesn't happen over night. I think there will be a placement. This isn't necessarily a bad thing. A 100mill share placement to sure up $3.5mill which gives them the cash required to realise the business plan. If the money makes money then thats a good thing right?

People seem to get very scared of placements yet placements are absolutely necessary for speculative companies. It's like the air we breath, its a necessity.

If all goes to plan we do have the comfort of knowing that this will be the last placement required by this speculative company ready to take on the next chapter in its bbusiness life cycle.