''The Board of Fermiscan Holdings Limited (ASX: FER)...

''The Board of Fermiscan Holdings Limited (ASX: FER) ("Fermiscan" or "the Company") is pleased
to announce that it has signed a mandate with Capital Investment Partners for the placement of
571,428,571 ordinary fully paid shares (Shares) at $0.0035 per Share to raise $2,000,000. The
Company has also agreed to issue a further 160,000,000 options exercisable at $0.01 each on or
before 31 December 2011 at an issue price of $0.0005 each (Options), to raise an additional
$80,000. The placement will be made to sophisticated investors".If the sp stays at this level,it's a good profit for the sophisticated investors,and they dont really care about the long term of any company,they mostly are interested in a quick profit.The question is how many will sell.I wouldnt be surprised to see some form of announcement prior to the shares hitting the market,in an attempt to boost the sp.Time will tell.