almost one week after the meeting, where resolution 3 sought...

almost one week after the meeting, where resolution 3 sought approval for the placement of 26m shares. resolution 4 sought shareholder approval that company directors be permitted to share in the placement to the extent of 15m shares.

almost one week later, and still no sect 3b notice, that the shares have been issued!!!!!. does this mean that the directors, also are not taking up their entitlement???????????. if this is the case,does ths mean that the directors do not think that the shares are worth 1c (with the free option). watso is only posing the question.

great news for shareholders is that resolution 5 seeks approval for the issue of 50m shares at not less than 80% of the average market price, over the previous 5 trading days. resoltuion 6, seeks approval that the directors can take up 20m of those shares

keep an eye out for the next section 3 notice. shareholders are probably loosing sleep over that matter, and are probably wondering to what extent the directors are going to toss in a few extra dollars. will they toss in a few dollars at 1c per share, or will it be at a lower entry???

if shareholders are loosing sleep - then just imagine how much sleep watso is loosing over the matter

take it easy wss -