stay calm, page-3

I said on another thread that AIM would probably settle around 35 (that was the low) which was around the average price of the issues. Having done some more in-depth calculations I now believe that the average price assuming all the warrants and Eshrow Receipts are converted to shares is around 35.7 cents for a total issue of 278m shares. The dilution effect (once again assuming all issues are exercised now) is 278m @ 35.7 plus 766m on issue already at a close yesterday of 39 cents = diluted price around 38 cents.

Where AIM will settle depends a bit on whether you think yesterday's price which was the result of an extraordinary 8 cent move the day before was the "real" current market price. If you believe it should have been lower then AIM may settle around where it is now at 35-36 cents.

All in all not a bad result and less debt than expected. By the way I have been in and out of AIM more times than I can recall over the last 2 years from 10 cents or so ... and I KNOW I would have done better just holding!!

H