Hockings is on the board and knows exactly where the company is positioned. It appears he no longer wants the large block he originaly was set for if not full take up. Certainly not a positive i would have thought- could be considered in same light as a director selling. If i didnt know better id think they needed the cash quickly to get a deal over the line, hence the original short time and hocking wanting a shedload. Maybe that deal has dissapeared and now its just a raising so hes trying to dodge the bullet. Almost seems unethical making a change like that when most would have committed already possibly bssed on the percieved confidence of the director in taking the original shortfall. I guess it should be no surprise that its all so misleading.
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