I had a look at the recent change in holding from Austock. They...

I had a look at the recent change in holding from Austock. They owned 12.5% of the stock pre cap raising.

As they are the managers and told us how good this cap raising was, you would think they would take up there 3 for 10 or $11.5m worth. They in fact took up only $20k worth.

That's interesting because the reported shortfall in the cap. raising was $3m worth. So the so called underwriting they got a 5% fee for was only needed because they themselves didn't meaningfully participate with their shareholding.

It highlights that this raising was really about the underwriting fee for Austock. I still think the basic cap raising concept was and will be in holders interests, but I didn't expect that Austock would be so blatant about their gouging of fees.

So how do we vote this mob out?