Ann: Non-Renounceable Rights Issue, page-35

Good questions maxi and hopefully an email to the ceo will get the answers. My point was more that those kind of questions aren’t generally announced in the detail you are after on day one of the announcement. The announcement was a standard rights issue announcement brief I thought but perhaps I am wrong.
It did state where they see the areas the money will go to not that I think they will get even close to that amount which then creates even more questions on if that then stifles the potential for growth by not getting the $5mill. Perhaps another question they need to answer.
You are correct in 30% is huge which makes me think that they are preparing for something we are unaware of. Hopefully it’s a big contract that they are building the bricks for.
You also mentioned that you feel management aren’t telling us something. I actually hope so ... Obviously they would have knowledge that we all don’t have on potential future partners, future contracts etc etc . If they don’t I would be worried. The fact that the two largest shareholders by a long long way are a director and the ceo and they have both committed another $1 million plus each of their own money again make me hope they do know more than us to be having such a serious commitment to the issue. Surely nobody throws a million $ away if they are not confident and know what they are hopeful with the company.
If I can take up my full entitlement and apply for more my dilution doesn’t happen.
I am not saying it’s been a great company but it’s products particularly the 1a have seen the company grow little by little each year for many years in every aspect other than the share price. The strong explosive growth has been the dissolution to most.
It just seems this time the top 2 shareholders are going all in and having a big crack.
Looked to be quite a few small buy trades today with some maybe buying a small parcel and then apply for a big over allocation as they don’t go ex rights till Wednesday.
Time will tell if they know why they are.