diluted capital raising for small holders, page-9

"If the SP gets to 10c whats to say they don't issue more shares to placement investors at 7.5 cents" Nothing of course except their reputation! JM said in the recent AGM announcement about the placement that they would be sold with a discount of no more than 20% of the average of the last 5 days of closing prices. According to my graph that average was around 5.6 cents. So i make that around 11% discount. Also for the last 4 days of that period the SP was being pushed down perhaps by placement investors. I also believe (my opinion) that is why JM went into a Trading Halt because he was being screwed to accept a lower price. I don't know what the average placement price usualy is but recently i saw CSS do a placement (on my watch list) to placement investors at 25 cents when the sp was 55 cents! Good luck to all.