group buying, page-39

From memory the last rights issue was preceeded by a placement to sophs, and then existing holders were offered the same price. So maybe sophs will get one last sniff but certainly we wont be left out this time.

Maybe 100mil placement, followed by 1:6 rights issue with 1:2 free attaching option. That was how January 2010 went down.

Similar amount of money was required back then to tick all the boxes of getting the product to market.

Even existing PNOO holders will most likely be included in the rights offering.

I dont think it will be put off much beyond expiry of PNOO. No point dragging on imo. Its probably holding sp back anyway.

We are running very low on cash. Additional production runs cost money, revenues will start slow. Not many stores and 30day accounts. Crossmark are still owed, but maybe we could look at paying them in shares?