how many at how much

well smells like one or more of the directors have stumped up some of their fees for another slice of the action.

from my quick review they have sucked a million a year for the last two years, not bad for a company with a market cap of 7.

lets assume they pay it all back for some new shares at say 3 cents they would issue another 60 odd million and dilute the existing shares by 50% (assumign around 120 million ish already on issue.

good or bad????? well the company would get some badly needed cash but at what cost???

Guess thats why they never took part in the 'sic' rights issue at (i think) 14 cents.

Looks like they will live on for another couple of days