I was planning on selling 40% of my holdings and participating in the raising, however I'd have to sell down to 6.2cents as the market depth stands right now. Just isn't worth the trouble. I suspect many will feel this way. Imo they raised far too low a share price and now it's coming to bite them in the butt. Unless there's a rapid rise in the share price by Friday arvo it just isn't happening for me. I believe offer closes on Monday which probably means to be safe, paying on Friday.
Ann: Letter to Shareholders from the Chair, page-18
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