very short shortfall, page-7

luckydog,

Companies looking to raise a lot of money as CGV have done $6M when their cap was only $9m cant just place that amount of shares without shareholder approval and so forth.

An underwritten RI is sometimes termed as a placement by stealth. Management may not be that unhappy that some more professional holders got some more stock? It keeps everyone happy anyway.

I am surprised the RI wasn't taken up more by shareholders but I understand given the market conditions and so forth have played a factor. Also the sp getting knocked down to seven cents twice with big dumps caught me out and maybe scared some off.

I got about 500,000 shares in one of those dumps which was money I was going to use for the RI provided it didnt get sold into. So I was only able to afford to get another 350,000 shares in two accounts through the RI.

Will wait to see who took up what out of the directors. Not sure if CGV's biggest holder could take up their's as they were putting up 600k in that convertabile note.

Imho it will be good to have some fresh blood in the register anyway. The sp will then be able to push on when news comes out as there will be a large supporter base from 7c up imo.

Dodgy market at the moment though.