Ann: Invictus Energy Entitlement Rights Offer Opens, page-227

if there is any shortfall, they have 3 months worth of news flow to take up the the remaining equity of 5-10 million dollars if that’s the short fall. But they will have around 25 million in cash without the shortfall so they will be funded for 3D and commercial flow. Either way it will be higher than 13 cents and running in the period ahead.

It’s controlled at this price which is exactly break even on rights issue so that the remaining shares are taken up by instos or sophisticated investors. Traded on a rights issue when fundamentals already put this north of a billion dollars