I know a few of the top 20 shareholders and there appears to be some that are cautious and may not take there entitlements up. Having said that there may be a few who want more than there allocation so I believe that they will raise close to $5 million. Norm has always had his backers so this may help long suffering shareholders looking for the exit door.
Quarterly report is due now and should be good reading. It will be interesting to see how much cash on hand as at 31 March the company has.
KMN Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
