That is certainly another view.Placements will always be made at...

That is certainly another view.

Placements will always be made at a discount to the current market price no matter what or who publishes reports about fair value of a company. For example ELK did a placement in March last year for 65cents when the share price was around the 90cent+ mark. If you were an investor who had bought in around its highs of 80 cents then I could understand if you were annoyed by this placement at 55 cents but you did buy it at its highs and took that risk.

Your comments about inviting more friends/investors at discount rates in the future will remain to be seen but I will give them the benefit of the doubt when one of the intentions of the fundraising is to fast track production = income = more money to invest.

Anyway that is my honest opinion. All other views welcome.