analysis of top 20 changes & conclusions, page-105

Myronc,

I think it is ASIC rules. It was of those things I've accumulated in my head from years of investing. I am pretty sure I am right, but will happily be corrected.

They have approval to do $6.6m and whatever falls short, can be placed out, BUT AT NO WORSE PRICES. But I think you have to be a sophisticated investor to do a private placement. So most of us can't just rock up and say,"Lee can I have $10,000 more please?" I guess anyone in the top 20 probably can ask if they want.