Ann: Extension of Entitlement Offer closing date, page-15

Considering 1in 40 is only 2.5%.

And, I quote “strong support from key existing shareholders and directors”, aka Ian, for $1.4m, which is 27% of the $5.2m they want to raise.

The leftovers are less than 2% of total shares available. That’s probably close to the number of open shorts.

With Ian $1.4m and the new guys $15m happy to pay $1.16, it’s surprising the leftovers, which is such a small percentage of shares, can send this from $1.50 to sub $1, change sentiment and force an extension.

They got letters of interest for over $1.5bn. Let’s get on with it!