Ann: Letter to Shareholders - Rights Issue Notice, page-5

That's a question that should be put to the underwriters. My position is that if I can buy cheaper on the market then why should I wait and pay more. I am not a benevolent institution. I invest to make money. That is what the ASX is all about. That is what EDE should be all about.

Will you, BGG, pass an opportunity to buy now or pay more later. Are you one of those that say we should support the company in an hour of need regardless of cost. I did that ONCE. Once bitten twice shy. The only way I will be supporting in this case is if it is possible on the final day to sell on market at a price more than the offer price.

So, yes, I am THINKING about it. You have my thoughts.