disgraceful, page-8

I agree with you Split

It is common practice to give director discretion to shortfall. The only real alternative, unless they provide a 'additional topup' facility, is to enter into underwriting agreement...the result is about the same (ie all goes to a bunch of people who may or may not have been holders) AND its with a underwriting fee (an additional cost).

Not to mention that the people that agreed to take any shortfall (no doubt there was already agreements in place in the event of one) would have made that undertaking when the SP was much lower...who knew the SP would spike to where it is now.

I'm only a recent shareholder (so didn't get any rights) and I am not complaining about this process...like i said, its common practice.

Cdchi1