Ann: Renounceable Rights Issue, page-9

I think it's quite good a fairly aggressive RRI but we all knew it had to happen at some stage and they may as well give the opportunity to shareholders and this cuts out future interest payments. It's good that Hung (under writer $2.4m) is prepared to take up the slack if others don't exercise their rights. Obviously it'll shore up the balance sheet and maybe they are getting a lot more action than they originally thought and want better working capital. I'm sure Hung has a decent idea of the demand him being a major part of the process. Anyway let's hope it goes well.