Ann: Trading Halt, page-50

This was in Street Talk.

"The offer was priced at 1.6¢ a share, a 20 per cent discount to the last close, according to the term sheet sent to potential investors. It included a one-for-one free attaching option with a 3.2¢ strike price and two-year expiry. It was targeting a $2 million minimum, going up to $4.3 million."

I don't know how they went with this offer.

The SP could go either way on this. Paying of the $5mil loan is a good thing and a big saving on interest in the future. Annoyance by holders could have it go the other way.

GLTAH DYOR