By the numbers ...23,076,924 new shares @52cFirst three trading...

By the numbers ...

23,076,924 new shares @52c

First three trading days ASX ... 719k, 250k, 161k Cboe will be +25% or thereabouts I assume (I haven't been watching it there)

So total trades so far are something of the order of 1.41m shares - let's say 1.5m.

If 80% of the new shares are intended to be "stagged" ... around 17m to trade yet. (At least by any calculation)

I reason that the company screwed up its PR ... they PR'd it too early - before the raise shares are available - that's when they want the public demand (not before) - if I'm right, they have "shot their bolt" ... further concern that management may be great scientists but useless business people!

Perhaps.

We'll see.