The CR could easily have been done as a single tranche to a...

The CR could easily have been done as a single tranche to a single entity in next to no time. Instead we have a bunch of SI's participating many of which will no doubt sell for a quick profit. I acknowledge mention made of a significant overseas based shareholder also participating and very likely this will be a long term holder, but the bunch of SI's I have no doubts will sell on getting their lowball priced shares. If this CR had been done as a placement to one or maybe two entities with a longer term outlook we would be at 9c today, not 6.5c as I write. There would have been umpteen investors no doubt that would have been interested to absorb the entire issuance and not want to flip straight away