I'm not sure how often in a year they can use the under 15% rule...

I'm not sure how often in a year they can use the under 15% rule without any shareholder approval?

With them already using that for the placement to Paterson's a few months ago I'm not sure if they can simply do that again or it may be twice a year not sure??

But as you say it may be bigger anyway...needing sh approval.

Imo it may be a RI again. I'm not sure how many of even Paterson's clients will take it up given UPO have the potential to sue the company for as much as it is worth atm. You'd be a brave soldier to do so. Unless Paterson's take it up themselves??

My advice to current management: take off now while you still have some credibility!