I guess we will have to watch the trading in the next couple of...

I guess we will have to watch the trading in the next couple of days to see whether there is in fact a dump at 8 cents or thereabouts. Whilst issuing of these entitlement shares may remove a lot of that buying support shown on the Bid the last few days, I wouldn't mind betting that in fact the share price might continue to have a lot of support - because of the potential for the business to grow in coming quarters. I like the business model for both the UK and Australian portals, and clearly the number of approvals has continued to build in successive quarters, hopefully soon to reach breakeven. Whilst the number of directors is indeed considerable for a small outfit I am of the belief that each brings to the table considerable business acumen and contacts that will be beneficial for the business.
And starting from a low market cap and still a relatively low number of issued shares this could rocket once the market appreciates the increasing amount of business being written.