RESOLUTION 3 – SAY NO! APPROVAL OF 10% PLACEMENT CAPACITY, page-4

Yes tough sell indeed, considering the current SP most shareholders are well into the red and to be faced with this proposition isn't very appealing, On top of that Ac8 have a habit in the past of keeping their shareholders in the dark. I would imagine that at the moment there are some shareholders that are prepared to dump at a loss and are just waiting for a bounce to cut their losses.