Ann: Phosphagenics $19.3 million Capital raising, page-53

Turps. Love your enthusiasm for POH but for gods sake just buy more at market, its not like your paying much extra. The SPP is just a sweetner to long term holders to show they think of us, otherwise we would of been offered a bigger percentage of the CR.

I am undecided if I will take up the offer yet. The "when" it happens actually matters. There is no point putting our heads in the sand and believe a deal is close. I will always keep my core holdings but even if we have a stella acne and Oxy C result we will have a short lived spike then settle back down like every other great announcement we have had. The fear of missing out on this share no longer exist for me. There will be plenty of time to top up before the main event. I might have to pay a couple of extra ticks but I cop that instead of having money tied up for who knows when with POH. But I would love to be proven wrong.