jongie 43.7M shared issued at 8.5c and 14c in settlement of loans (refer 28 Feb notice). It was placed with a number of SI and Instos.....some of whom have intent in holding....(i.e. not all the 43.7M will be dumped on market as suggested by some hence the use of term "overhang")
Ann: Becoming a substantial holder , page-25
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