Ann: NZX Listing Rules Appendix 7 , page-17

So you are all happy to be buying into this mob who are going to increase the number of shares on offer from 82 million to 660 million?

When they were trading at $6.50 it was worth $533 million.

If after the raising it continues to trade at 40 cents it will now be worth $264 million, basically 50% less than what it was trading at 12 months ago.

At the moment it is worth $32 million.

So if this raising pays off debt and the company worth increases to $100 million then the share price would have to be 15 cents.

At the 22 cent raising amount the company would then be worth $145 million.

To me the figures dont add up at all.

Happy to be proven wrong.