Sid,No, it doesn't read that way to me either.Mr Tsang, prior to...

Sid,
No, it doesn't read that way to me either.

Mr Tsang, prior to this placement, held 38 million shares equivalent to 10.8% of the company.

This recent placement of 29.7 million shares “is expected to be completed in three separate allotments due to the significant contribution being made by interests associated with the Company’s largest shareholder and director, Mr Andrew Tsang.” (DRX Announcement 6/7/2012)

I am wondering if these “interests” lay outside Mr Tsang’s 10.8% holding, and if they do, what is now Mr Tsang’s and their combined percentage of the company?

At the current ‘cash burn’ of $1.6 million per quarter (March, Quarterly report), the $1.1 placement won’t last long – not till Xmas. (I trust my figures are correct). Mr Tsang would be well aware of this.

However Mr Tsang as a director has demonstrated considerable confidence in the company by taking up ‘his considerable contribution’ or does he and his associates see an opportunity that others don’t?