locky, bikenut, surely you realise that the bulk of the capital...

locky, bikenut, surely you realise that the bulk of the capital raising is done and dusted. The SPP was only ever going to raise an additional $3M. Given what management have already stated in the public domain in regards to the raising from the 2 rounds of placements already completed to SI's I very much doubt this $3M is material in the working capital requirements. If it were why not simply include it in the initial placements. You may be right on the underwriting but I still beleive the SPP is more about appeasement to the existing holders than material to the companies funding needs. I too am pee'ed off at sitting on a substantial paper loss at the moment but plan on keeping my objectivity when assessing the companies prospects and strategy moving forward.