They said they would chew it over.I'm not sure they want to...

They said they would chew it over.

I'm not sure they want to issuing options these days.

Keep the stock tight is the mojo I think.

I reckon the most likely next step is a chunk a stock out to

1. Insto
2. Arabs
3. Royal Group (will pay a premium to go to 19.9%)

However if they go to the public its my understanding that it would be something all shareholders can particpate in.

I think (I may be proven wrong) that they have had enough of what you get in return when you give brokers cheap stock.

Like I said, many options available.

For the record, I pumped for Insto Placement or Renounceable Rights issues (loved that last one)

I hate broker placements with a passion so I shit bag them with everything I have got.

The last shareholder issue was taken up 81% by existin shareholders and HELD. Thats was better than amazing so dont be surpised if they go back again for one of these.

Next time I reckon it will be taken up 90%+

The broker was howling hence why they got that low ball placement which really p*ss*d me off.