trading halt, page-7

I understand the placement is for approx 2.5 million $ of shares at an issue priceof .23 c per share to a couple of currently large shareholders as well as a new member to the register. The placement is solely for the purposes offseting the large debtors list the company is building and the normal trading delays in supply and final payment for goods and to keep up the production of Phoslock as the volumes of orders for the stock keep building. This company is truly building a long term future and the product is to be promoted on a program in the next couple of weeks called the Gardening Gurus just to promote one aspect of the product namely garden ponds and water gardens.
this is one to keep an eye on as the stock is very tightly held by the main players