Ann: Becoming a substantial holder, page-21

Wondered why the SP was holding up, now I know why.
Seems to me the group is becoming more and more tightly held as small investors take their losses from the capital raisings sell up and big ones buy up anything for sale.
So glad I didn't get talked into the 3.5c CR!
Expect some puff and announcements before the next CR, which if only made available to the sophis will probably mean the apps or contracts are imminent.
Remember too that even a modest CR of $5M will dilute everyone's shareholdings by 30-35%. Including the large guys, who won't want that so I expect the CR to be structured to favour them.