Ann: Application for quotation of securities - MNS, page-8

mate.....it's up to Magnis to determine when they issue the shares in exchange for cash; its up to the investors to determine at what price they get the shares subject to the agreement signed (in this case it's based on the price over the last 10 days....obviously the investors are going to choose the price at the lowest point in the last 10 days to get most shares)

it's comical you think the investors are telling mgmt when to issue shares in exchange for cash.......if that were the case, the investors & brokers would have walked away with their 19m worth of free shares and 30m in options and told mgmt to bugger off and not have to fork out a cent