inl possible offer?, page-3

G'day J2

A SPP is basically an option for shareholders to buy more shares, theoretically on favourable terms.

Generally there are set amounts shareholders can buy, normally in increments up to $5000. In this case INL are trying to get approval to lift the maximum number each shareholder can purchase to $15,000. You are entitled to choose whether you wish to particapte and if you do wish to particapte you will be able to choose either your full entitlement or part thereof, subject to whatever levels are set.

Companies often do it this way because an SPP does not normally require a prospectus, so its a fairly simple way of getting more money yet generally very effective ... especially if shareholders believe in the prospects of the Company.

If you don't participate, you will certainly be diluted because the shares you currently own will represent a smaller percentage of the Company after the SPP is done.

If you do participate to the full extent possible I suspect there will be little or no dilution however it is really impossible to know exactly at this stage whether there will be any dilution or not because we don't know what other shareholders will do.

Intec have said they will send out an offer documents around 8th May, give or take a bit. It would appear that we will have about a month to make up our mind so if you are unsure about what to do I would recommend talking to a registered financial adviser.

I trust this helps

Cheers
Boomer