sorry Nask but based on experience in stock market I ain't agree...

sorry Nask but based on experience in stock market I ain't agree on "at a heavily discounted price".
Most CR of spec shares is done at 10-30% discount to 2-4 weeks VWAP of the share price. In this case NSL average was around 0.009 or below and so do not believe it was heavily discounted.

Also, I am more happy that placement was done to top20+management rather retail investors via brokers, who then just pump the SP to dump the clients shares.

FA wise NSL has started to tick more boxes of success than failure and though some hurdles might be there, I believe looking at the current cash injection from management, good news about to come in few weeks time.

However, all IMO and so everyone must DYOR and invest as per own risk/reward strategy.

cheers
J