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Share
08/02/12
18:03
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"What's an 'on market' SPP?"
What I meant is
Instead of a proper SPP, EDM issued shares that were sold on market. This indirectly raising cash without notifying SH before hand.
Unsuspected buyers at $0.001 had no idea there is 285m shares at 0.001 was issued until 4 pm today.
I would be surprised more will be sold into 0.001 tomorrow.
I have to think how much risk I want to take on this one. LOL
Consolidation is a possibility if 0.001 buyers are exhausted. Need direct investors not debt raising or EFF.
JIMO
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