sorry Pelm1, it's that the was no $ sign in front of techcoat's initial post
"Just opened my emails and what should I read but an Offer to participate in a 14.5m share placement at 2.5c and rights issue.!!!!!"
hence you said
"A 14.5m share placement @ 2.5c?? What, to raise $362,000??"
so you were thinking along the same lines as me
It does make sense if it's $14.5m @ 2.5c and there is no further need for techcoat to clarify.
capital raising, page-85
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