trading halt, page-50

I'm amazed at some of these comments. The failure of birmians last placement is fresh in my mind for sure, the poor takeup and continual selling as a result.

A share placement puts more shares on the market, devaluing your current holdings. No doubt the hypers are reading into how positive this announcement is, you should have a look at the last two Appendix 3B announcements.

10-4 They issued 15mil shares in options excise
15-4 Ann They also issued an additional 4.2mil shares to pay consultants at a price of 0.9c per share.

My reading is that they are broke, and this coming announcement will be for a normal additional share placement.