gns placement

Hi everybody

I am trying to work out how likely is it that GNS will extend the retail component of the offer in excess of $30 Mil flagged 1:4.

My feeling is they may need more cash as they have now submitted a bid for additional assets. Makes little sense to be coming for the second helping if they are successful in bidding.

Does anybody know if a general meeting is required for a decision or is it at a discretion of the management?

Cheers

MLC