5c is not exactly a big discount on the price over the past 18 months.
Also - the statement said they received strong support from new Institutional investors.
Just as long as they put the cash to good use - and they are rolling out nicely now across Asia, then this should prove to be a good move for improving the companies scope over the next few years.
5c should now be a nice base. If they can maintain current momentum then they could push up to 10c over the next year and thats fine with me.
But I actually think they'll be more like 20c in a year from now.
STL Price at posting:
54.0¢ Sentiment: LT Buy Disclosure: Held