Ann: Sedgman Settlement Update, page-4

Don’t expect the price to move now that they have disclosed when the raising is happening.

And if instos are to get involved expect them to push it lower so they pick them up even cheaper.

$15 million at 3.5 cents is another 430 million shares on issue…

$3.2 million goes to Segdman
I’m guessing about $1 million to Fosters
That leaves a little over $10 million to do what?

That’s not enough to go underground..

Expect another heavy dilution later in the year