very short shortfall, page-3

Its called a 'placement by disguise'.

They have effectively placed 70m shares with Patersons and their clients now.

Management and Paterson's would of had a fair idea how many shares would not be taken up at the start.


It would of required an egm to place the second allotement of shares if they did a straight out placement. And shareholders may not of been happy of not getting a chance to buy more. So everyone has had their chance now and Patersons and their clients, those who probably responsible for those couple of dumps get their shares.

I got caught in the two dumps and purchased a lot at 7c on market and thus got only a limited amount through the RI.

One thing is for sure, if Paterson's want to unload some of their shares on market they will have to pump the sp or wait for some good news to do so.

I'm sure they will have some plan to make money for their clients.