Depends on how long they can wait to do the soph placement SB.
The director placement will come first IMO (straight after the meeting pretty much I'd have though). They've only got 1 month to do it in.
But they've got up to 3 months for the soph placement which takes you up to near the end of June (about the same time IK's bonus comes in if he gets the SP above 20c).
So it'll all be about the timing. Hopefully with the extra $400k from the Directors, they'll be able to wait a bit longer for the soph placement. However, mates rates and all (particularly if its Cygnet/Deck Chair again) they may well get cheapies as well which will indeed mean greater dilution for us nobodies.
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