Did I not say several time in the last couple of weeks that there was a likelihood of a shortfall and NEO management had recognised that could happen and had aimed to circumvent that by having the opportunity to offload the shortfall.
Hence the shortfall pool and the basis of the present announcement of placing the shortfall so that they will still get close to or will probably get their intended target funds of $6 million plus.
Those who haven't taken them up will have their shreholding diluted further. No use complaining - NEO management gave you the opportunity to participate this time.
I'm glad I took mine up. I hope to be even more pleased when NEO turns up trumps this year. Lady Luck is coming to NEO in 2008.
NEO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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