Ann: Placement and Entitlement Offer Announced, page-5

@moneybags11 - 'They have better info than us and if they are going all in via a conversion to equity then they obviously think they will get a better return from shares than debt.'

I like your way of thinking moneybags it makes sense of what otherwise seems a senseless CR at this stage, when they could potentially CR at a much higher SP by the end of March.

It will be interesting to see if the SP holds up. At present it seems a good buy in opportunity to get some shares to increase your exposure to 32c pro rata 1 for 6 options.
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