placement with confidence

Congratulations - job well done.

In this current market & world uncertainty it is AMAZING that Isonea have managed to put away a private placement at a small discount to market to raise $13.5 million.

After costs of issue together with current bank balance & option moneys due in by June 2014, we are looking at availability of approx. $19 million over the next 12 months.
$16 million now & $2.8 m later.

This should be the LAST capital raising needed by the company.

Now that we have the numbers we can make the following calculations:

1. A 19.9% stake would be 51 mill shares +. As per my last top 100, Bruce M was holding 28 mill. He is most likely moving to 19.9% which means his allocation would be approx. 23 million shares i.e. in excess of $ 8 million.
This leaves only 15 million shares for the other investors.
Who knows how many shares Bruce's son (Holdrey P/L)will take in issue !!

2. Upon reinstatement to trading the BUYING will be very strong due to most big players not receiving their requested allotment

3. Over the last two weeks on numerous occasions the buying was there to take the stock through the 41-42 cent level but due to the private placement being negotiated they wanted the price to be in the 35 cent range. At numerous times on numerous days 2-3 offers of quantities of stock between 50k - 100k were offered to intimidate the buyers. It worked well !! Lets see what Pattos will do now on the flip side. This stock has been a big bonanza for them. They should earn $500k+ in fees for this private placement.

Congratulations to all you long term holders. We have been holders for more than 3 years. LET your profits RUN. Early days yet. Just look at the deals being done in the U.S. so far this year as per previous posts.
Looking at the volume of apps download etc. and knowledge of the average market take up of product, this company will quickly become a takeover target. This will all depend on FDA approval.

Come Jan 2014 with FDA approval & a successful U.S. launch this company will have a value of 500 to 1,000 million

4. Total Shares on Issue will be 258.5 million
Therefore, do not discount a takeout price of $2 to $4.

By the way, "SMALLTRADER" you could not have waited until next week. It would have cost you 15-20% more !!