Ann: Podium Successfully Completes $4.6M Entitlement Offer, page-7

Probably a good result for the share price. POD got the total $4.6mio they were looking for and didn't take up all the excess. My concern was that they would end up taking everything that was applied for. This would have meant that some investors would have got more shares than they really wanted and would immediately sell these back into the market if the share price was above 22c. This would have capped the share price for another few weeks. I still think there will be some selling early next week from those allocated shares but hopefully that won't last long. This cap raise has meant that POD has been unable to rally despite the release of good news and an improved overall market. We are nearing the end of this period and hopefully now we can move onwards and upwards.