What are your views on current capital raising.I'm not sure why...

What are your views on current capital raising.

I'm not sure why the record date was Monday.
It would make sense to have it a few weeks later therefore allowing potential holders to buy up and allow the sp to move forward.

The current action prohibits this and prospective buyers see no reason to buy up.

There are quite a few restrictions ie. There will be no new substantial shareholders in Rey.

If in the event a takeover battle begins which I highly doubt, prospective buyers will have to cough up even more considering more shares on issue and higher market cap to buy entire company.

This is very significant.

I smell are RAT.

"Shareholder vote to approve Share Issue to be conducted at Rey Resources Annual General Meeting on 27 November 2009"

Would appreciates others views.