erj up 25%, page-8

I agree. It was good to see a good day of trade. The placement was going to be at around $0.008 when the shareprice was at $0.01, but instead it was done at $0.01 with half a free ERJOA with a strike price of $0.03.

Obviously, this was a good idea as a lower placement price would have impacted on the share price with people selling out for a small gain. It was much better to offer 1/2 a free oppie to encourage SI's to take up the placement stock..

If the other option was pursued, we would be sitting under the $0.01 mark today. I think some shareholders who had access to the placement stock panicked last week and sold out at $0.01 thinking they could get a 20% discount through the placement. When the placement was at $0.01 everything settled down again.

Up and onwards..

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Just my opinion.