something up?, page-131

AGM next Monday
Shares get ratified
They can then place 15% again
They need to place circa mid 3c to get the funds for J51.

Brokers have already pumped the stock for the placement and written their broker reports. Broker report = a plausible story to encourage a client to buy / sell a stock in order to generate a commission for the broker. Broker's don't cover stocks out of the goodness of their heart. The dump following the less than impressive quarterly was not part of the plan. Brokers need to hold the price in the mid 4's so they can place in the mid 3's.

Spud in September was a necessary evil so that the above could be accomplished first.

From here they (JPR) will be in a position of strength re:
- farm in or going it alone.
- raising additional funds from holders to compliment the placement
May do these but won't be necessary.

All the above IMHO only.