Well I'm not totally surprised, money did seem tight.As for the...

Well I'm not totally surprised, money did seem tight.

As for the offer, we know the details about it, but I'm sure the company will give shareholders an update regarding the complete picture in the coming weeks.

Interesting to note that the biggest shareholder is also the underwriter and it's only 1 for 10 without any real discount, so Macquarie obviously wanted to be part of the cap raising, with a lovely little option that if existings holders don't take them, they gladly will.

I wouldn't have been surprised if Mac told them "your first and only option is to come shareholders, we don't want others spoiling this party". Mac would be able to see, that the existing base hold the stock pretty tight and this would suit them.

Pep
(Just my thoughts)