another 90m shares issued at .3c, page-5

Spot on Kiril, if you look at the trail of events that happened just before and after the cap raising was annouced it doesnt paint a pretty picture.

29th september 2011, iSonea Limited Completes an Agreement for a $10.6 Million Investment by US Institutional Investor Bergen.

From the annoucement,

"New York-based Bergen Global Opportunity Fund, LP will become anchor investor"

"This will allow future share issuances to be made to Bergen at premiums to the current share price"

What a joke that is, "Anchor investor"??? Never knew "Anchor investors" start dumping on market only a few days after receiving their shares. Bergen to pay permiums to the current shares price??? Ummmm .003 isnt a premium to the current share price.....

18th Novemeber 2011, A$4.3M Rights Issue to Accelerate Development Milestones

Now 2 months later after management signs a deal for over $10 million funding they decied to do a cap raising at nearly a 50% discount to the last traded price prior to the cap raising annouccement???

Prior to the cap raising the share price was hovering around .008-.010 cents and the cap raising was done at .005??

29th Nov 2011, Ceasing to be a substantial holder.

Karmel Medical Accoustic Technologies Limited dumps their holding at market.... Not a very good look.

19 Dec 2011, Rights Issue Update - closure, acceptances and shortfall

Rights issue is heavily UNDER subscribbed with Paterson recieving about 50% of all shares that were on offer.

Directors fail to take up their entire rights issue (not a good look).

22nd Dec 2011, Ceasing to be a suncstantial holder.

Triton Systems Inc (think this is the ex director) dumps his holding on market, again not a good look by someone "in the know"

29th Dec 2011, Company annoucces Rights Issue Subscription Exceeded Expectations

HAHAHA what a joke and a poor effort to ramp up the company by the share price..... The rights issue had a short fall of 50% what happens to that 50% that Patersons received is up to them and shouldnt be allowed to be made into a public annoucement which is very misleading.

29th Dec 2011, Another Ceasing to be a substantial holder but this time from the so called "Anchor investor" that revieved shares NOT at a premium like they were meant to but at .003 less then what the rights issue was at.

So you have Bergen now dumping on market aswell.

All these certain activities should be very alarming and some serious questions should be asked of management, the way the company is being run of late is a bit like a circus, there are some serious issues and questions that need to be asked. It seems the only thing that the company has been doing over the past 4 months is orgainse terrible deals that have effect their loyal shareholders pockets dramatically.

The product may be good but if you dont have the right people running the business then you have no hope, the above doesnt do management any favours.

Hope im wrong for holders sake but i cant see it get any better any time soon.

Happy new year everyone, and before people start attcking me for what is in this post think about attacking the company first because this post is all about COMPANY ANNOUCEMENTS and what they have done so if you dont like this post then you obviously dont like the way the company is being run.