trading halt - cap raising, page-13

If shares were offered at 2.5cps, in order to raise $5m, only 200m new shares would be produced. If at 2cps then 250m new shares will be issued. That about 10-15% additional to current shares on issue. When shareholders realize we gave the directors slightly more than that over the last 6 months, i.e., the $500k (first lot)worth together with their 90m shares as a bonus, then we shouldn't be too surprised. Haven't forgotten the options to boot, just makes me cry to much to initially include!!!!!!!!!!!

By my calculations we will have gotten an additional $4.5m for another dilution. Will be able to pay their wages at least. When you say it fast it doesn't hurt so much.

This might just give a hint as to who supported the last give away bonus shares: "no no no no, yes the significant investors". Just a thought! They are genius at manipulation!

Bernie