Ann: Completion of Placement and Institutional Entitlement Offer, page-7

Im really not sure how its going to open tomorrow, looks to be well supported and with Kate and the other directors genuinely taking part its a good sign, I say genuinely as you see alot of directors participating for tiny amounts of money in comparison to they salary just to say they were apart of capital raises but Kate commitment is $250,000 so it sends a clear signal to the market, Kate bought on market for $200k late last year at 13c so it had tripled in value since her investment and has drifted back to double, if this was to do the same I think holders would be very happy. Kate obviously sees value to be contributing so much, she could easily put $50k-$75k in and people would be impressed.

Some people will be selling to pay for the placement they have already taken up our to pay for their rights issues but with the rights issue not closing until late December now may not be the time to sell as there may still be more announcements to come.