ocean wide interests, page-5

Janti,

They want 19.9% as cheaply as possible, not 16.8%.

I'm also going to suggest the underwriters are not dills andare prepared to hang on to any shortfall until the price rises as it is likely to do because the company gets the funds they need/want to finish everything. The underwriter would know they can sell when cashflow is underway for the company.

I wouldn't even be surprised if WM bought the shares back from them when we have cashflow.

BTW, do your numbers again, as your 19.9% assumes no other options are converted.

Do you really think the price wont rise from here if the company gets all the funds asked for, no matter what the source??