Ann: Aleator Capital Raising Heavily Oversubscribed, page-60

Nannook,

I agree with most of what you say. The issue I have is that current shareholders (who the directors are working for not Instos) should be given the opportunity first. The last CR was over-subscribed as this one would have been if they went back to current shareholders. Good to see the directors look after themselves again before us Shareholders. We got screwed with the first cap raising and now screwed again. What have we got - a handfull of shares and two dilutions.

Fine with the consolidation, but maybe should have been done closer to the APP being released.

If there is a buck to be made the Instos would buy on market. If the APP is as good as its made out to be there will be no need for any more CR and no need for Instos money. Why pander to them? IMO - someone looking after their mates only, not the current shareholders.

If it all goes well, Mark will come out and say " what a wonderful job I've done for you" . I say, "It not as good as it should have been." But then I'm greedy.

Guess my money is not as good as the Instos, my dollar is devalued. I only get 50 shares for my dollar not 67.