Ann: Trading Halt, page-191

Whether out of luck or by genius, by having a TH now they inadvertently avoided the huge losses on MM stocks yesterday. Even if this opens at 6.5c, it is arguable that we may have been there at open this morning regardless, and not with $10m to our name.

Im not justifying the rationale of the CR, as like many I believed that the 4.6m cash at bank was sufficient for the year ahead, but we may have just got lucky if the placement was fully filled (preferably demand exceeding supply) and we retain SP levels in the 7c region on the basis of no shares being offered to retail investors, thus keeping the price higher than the CR issue price as sometimes happens. Hell, even at the CR price wouldnt be bad when considering the likes of AC8 and MMJ lost around 25% yesterday...

This is by no means a prediction of strategy or likely SP levels come Friday, but just an acknowledgement of the fortuitous circumstances we've found ourselves in by being in a TH.