MAY Train pulling in at 9.5cents to refuel then express to 14.2 cents, page-449

It will be utter BS if the credit raising is done below the current share price, it will need to be substantially higher, MAY is seriously undervalued, to give the shares away on the cheap to "sophisticated wanker investors" and then who on sell it in the market days later for an easy profit is just BS. The Board could not be that stupid after all what they said during the Webinar. They have plenty of cash now, as AP clearly said in the Webinar a CR is not required. NOW.
What I think it will be is a Market Subscription Agreement, were they give the right to an institution for capital raising in the future when MAY see fit do so and only if they think it is necessary and at what price and the amount of shares to be issued is capped, that would be the sensible way to do things, do it 30c plus.