Ann: Corporate Update, page-151

Currently 965M

If they raise $2M @ 0.15c it will be another 1.3Bn shares, totalling 2.26Bn

Divide by 5 comes in at 452M shares on issue, price of 0.75c - market cap of $3.4M with $2.5M cash, seems pretty attractive

As I said, the key is where they do the raise at. 0.15-0.2c will be ok

Could still quite easily go 3-5 times from a consol and raise at 0.15c if the cap is less than $4M

So this isn't a huge issue, just more time and makes the 0.2c previous raise much more sour