Ok this is just from what we can see now, more news might...

Ok this is just from what we can see now, more news might follow, so take this as opinion only.

Ok, so from what I can see, 8,212,121 shares have been issued at 0.033 as part of the SPP resulting in around $271000
This is around 54% of the total allocation, so perhaps not what we wanted, but there was a fair amount of manipulation that kept price below this so people could accumulate at a better price. It is still 271k cash in the bank, and less dilution which is another good way to look at it

Director Participation:
Scott Mison bought 606061 ($20000 - 67% allocation)
Matthew Blake bought 909091 ($30000 - 100% allocation

Not bad from the directors so far, if more news follows, ill add to this.

Someone who shall remain nameless (and who likes to circle things in red pen) on another thread wanted to know if the directors should take up the shortfall - well they still have to adhere to the 30K limit on the share purchase plan, so we cant ask them to do the impossible. It is a simple fact that certain heavy hitters in the market dumped the price below the SPP price so they could get in cheaper. This really dampened the appetite for people to want to take part in the SPP - everyone was buying on market. It is unfortunate but not that bad really, we still raised 271K or so, avoided further dilution and we are fully cashed up for the year, so what difference would another 230k make really?

Just ignore the noise. Certain subspecies of human like to come out of their sad little worlds anytime there is a whiff of something that could be considered negative. Lets try and deal with facts shall we.