Ann: Placement Raises $4M to Fund Growth Initiatives, page-3

I don't know what the complaining is about.

Most of the shares went to sticky holders, Top 50 shareholders, they are not going to be bailing like a retail cap raise. There was no need to dilute further with a carrot of free options, all these investors were happy to put more in without further incentives.

I got my allocation in full.

I was surprised by the timing but now know like the previous raise, another is a long way down the road.

Let them get on with it and get that first upstream plant contract and start generating revenue.

If you want more shares, get them on market at 1.4 if that's what you think will happen.

I'll have a chat to Bahay next week to discuss the proceeds and the use of the funds.

Mr M.