Ann: Updated Rights Issue Prospectus , page-4

Get the shareprice up, make it look attractive to a backer in the first place, then offer the 'backer' the placement at 5c, bang done, instead of insulting shareholders, again, with a rights issue at 1.6, which wont be taken up.

If there was someone lurking we would know about it by now and they wouldn't look so desperate by offer us this. It just looks like they couldn't find anyone with the roadshows so we are the last attempt mugs.