Ann: Significantly Oversubscribed Placement Commitments $3.2m, page-52

worth mentioning top 20 shareholders have as much interest in buying shares at discount and bailing in near future for profit to recoup losses endured prior. Remember these include institutional investors where people who do this for a living predict rises and falls in spec stocks and dont always keep entire holding long term. Similarly management have a vested interest in keeping skin in the game as this on its own should keep price of their already substantial holdings more stable which has the added advantage of being able to justify their already substantial wages which will be paid for by the CR anyway. Like i said best to reign in the optimism have been burnt enough times by this one to know better! Willing to bet both nuts that phase 2 will be behind schedule. Yeah long term fundamentals are good but near term i think more opportunity to profit from 50 to 100% price change off back of increased volume