Flyman, there was an announcement yesterday stating that the rights issue is proceeding and will probably be made early next week. There will be a number of announcements over the next week and I have learnt that we probably have brokers who will take up any shortfall in the issue. The money raised will pay off the debentures that have to be redeemed(about $10m), interest payments on the debentures, and working capital to start up production. I'm predicting strong orders over the next month in addition to those we already have. Once the issue is done and dusted it is full steam ahead. We've been diluted to buggery but at least the compny is still alive and about to take off.
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Flyman, there was an announcement yesterday stating that the...
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