spp, page-44

BigDon , I estimate about a 50% uptake with Patto's getting 50m or so shares PLUS the 28m (fee) oppies. The main reasons for such a low uptake imo :

1. 5000 of the 7000 s/holders own less than %5k worth
and are probably already down 50~75% on this i.e. who throws good money after bad?? (this goes for 95% of holders in fact)

2. Mid to large holders wont bother.

3. Smarties will wait for lower levels knowing the massive
cash requirements needed to fund CTPs stated 'dreams'

4. The markets in general are 'risk off' atm.

5. The track record of CTPs raisings is horrific.

Not sure where this leaves the TSX listing , which was announced 9 months ago with a '3 to 6 month' timeframe , the money has to come from somewhere , and I cant see that happening until S1 is proved commercial , but to test S1 will use up all the $5.5m raised (at least) imo , so really
its a 'Last Spin on Black' at 5 minutes to Midnight imo.

G/L Holders , You'll need it !!!

DYOR