"Capital Raising - Redport has reached agreement in principal...

"Capital Raising - Redport has reached agreement in principal with Cartesian Capital to raise $2 million after costs by issuing up to 86,000,000 shares at 2.5 cents per share with one free attaching option exerciseable at 5c (June 2007) for every two shares subscribed for by investors."
Investors who charged at this stock this morning may have realised , too late, that this stock is about to be diluted by 86,000,000 shares. Hence the price drop after the mad rush.