Hi Captain and crew Up to 25 million shares to be issued although I beleive it is only 19 mill for the AIM because 6 mill already recently placed. Assume 7c or equiv price Robin Hoodless, Brennan get 7% of price of issue as commission about $92,000 plus $40,000 retainer plus 2% of the INCREASED share market no of shares as options about 125 mill X 2% Ah 2.5 mill options with a strike price the same as the placement worth about 5c each based on the 2007 gipos so another $125,000, plus any profit on the value that they may grow into over 3 years. About $257,000 year one plus $40 k retainer plus potential profit or 20% of the new capital raising goes to Robin Hoodless. Ah well the consolation for us is at least they did not offer free attaching options for the 19 million unlike the 6 million private placing to sophisticated investors of the Perth broker. Always Knew I should be a sophisticated investor or broker, by the way what is a sopisticated investor, is that someone who holds YGL and GIPO King Gee.
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