Ann: Fully Underwritten Rights Issue, page-3

Now why, just why do you think that Ross McLachlan wants to underwrite 75M shares or $300K equivalent? Do we think that Ross may be a little more knowledgeable than the rest of us in how negotiations are progressing? Seems to me, as per the announcements, he is feeling pretty confident of an incoming deal that should value us closer to 10cents than half a cent.

Be interesting to see if there is any move to try and buy any shares on market before the entitlement date passes. Seems like a couple of new brokers are looking to pick up a bag of them on the cheap if holders don't take up their rights. You can be sure all these people know more than you or I.... (IMO)