have you really read the newsletter??

The newsletter just out is a really good one. Have people taken a close look at this statement?

"In addition to the directors potentially taking up a shortfall, and though we feel confident that the SPP will be able to meet our capital raising goals, we have discussed the offer with additional individual and institutional investors and we believe that we will be able to fill any SPP shortfall if necessary."

Maybe I am being naive but it seems to me that on this occasion they have given the shareholders the opportunity to buy some cheap shares. They realise that because of the low sp shareholders that qualify may feel uneasy and not take up the full quota and knowing this they have larger investors and institutions lined up to take up the shortfall. It looks like the biggies are going to get the benefit of the cheap shares but we cant blame them because the company has given existing shareholders first bite of the cherry and the ball is in our court.

cheers