Ann: CI1 Raises Capital of $6 Million for Expansion, page-50

Steve, it all depends on the behaviour of the sophies. If they act like cornerstone investors and hold then the market will sense it and quickly the sp will go back up, maybe 5-6c range. But as Sophies are known to be dumpers for even the tiniest profit most people expect the big dump from Wednesday on.

I personally prefer Rights Issues, it is for holders only and they get rewarded, not some greedy strangers. But a CR is the easiest way for management. Clee was used last year as well, maybe management got ties with them or was happy with how it worked out.

I got enough in case sp suddenly explodes, I will wait with buying more a few days to see what will happen.

GLTA