I've attempted to reserve my views on shortfall speculation...

I've attempted to reserve my views on shortfall speculation whilst the shareholder entitlement was under way.

My view, now that the time for FPO shareholders to participate has expired would be.

1..It turned out to be a shocking time frame for investors to sell off other Co shares if they needed to in order to throw more money into the cap raising gamble...bar today,,, which was too late,, unless you were to contact the co and participate in shortfall, which will be at the same price as fpo entitlement.

2.. I am aware of a number of buddies who wanted in on the cap raising, but had no entitlement to participate.

3..I reckon about 1/3 to 1/2 of shareholders would have taken up their entitlement. I took up my complete entitlement.

4.. I would suspect the shortfall will be chomped into by candidates vetted by the Fozz.

4.. I have heard a number of rumours regarding shortfall candidates that give ME reassurance, however, as they are simply unsubstantiated rumours I will not post nationalities and dollar figures mooted, as it would contravene HC TOU.

I do consider however, that all participants will have somewhere in the vicinity of a 3 bagger for their fpo efforts before the end of the year, which makes the options look very cheap at the moment,,,, whether they will ever become substantially in the money or not... 1.8c would still be a long way down for long holders.

I still consider their are at least one,, or more accurately ,, more than one potential announcement prior to AGM that will give the sp a very good kick along.

It's been kicked near to death over situations that have mostly evaporated due to prudent attendance to same.

Enough from me,,, over to the OTHER 2 sides of the argument for comment.