If JKA made a mistake it was when they finalised the 20c dec...

If JKA made a mistake it was when they finalised the 20c dec option underwritting. The underwriting itself was brilliant. But they restricted the raise to $10m of the options underwritten not the total of $14.3m
Now the application "closed significantly oversubscribed" and was scaled back the applications. So they could have had another $4.3m in the coffers at 20c!!! "following strong support from new and existing investors."

At the time i'm sure a few of us asked why didnt they take all the applications.

http://www.asx.com.au/asxpdf/20121121/pdf/42bbpqgf3ntrnb.pdf

That to me has been their only boo boo.