Ann: Share Purchase Plan, page-5

Looks to me an exercise in futility.
Firstly I don't think they will raise $1 Mill. There are too many who have been badly burned raising after raising, they wont stump up again including myself (although I stopped a while ago participating in the raising)

Secondly even if they did get the money, honestly I can't see the point of rising $1 Mill, how long is it going to last. If the last quarterly is any indication they spent 3/4 Mill in the last quarter, so that means in 3 month they have to raise again.

I mean Paterson is not doing this for nothing and if you take out the payments to directors and companies associated with directors of 132K (or 13% of the expected raise) per quarter there is not that much left.

Did someone say the MD is an Accountant?