The placement price of 45 cents is approx a 20% discount to what...

The placement price of 45 cents is approx a 20% discount to what it was trading at prior to the obvious leaks about the cap raising.

$30 million is a big cap raising and with the options exercise coming up they will seem to have a lot of excess capital which they probably have big plans for (I hope).

I am an option holder and I feel we have been screwed.

Anyway, I am in for the long haul so the next couple of months of dumping from sophistcated's won't bother me too much. I can't see it trading back in the 50's for a while yet as there is no earth shattering news in what has been released so far.