Thanks for that Spiro.
It doesn't seem to add up to me.
This was said at the notice of meeting on 24/4/08
"Resolution 5 seeks Shareholder approval for the allotment and issue of 50,000,000 Shares at an issue price of not less than 80% of the market price for the Shares calculated over the last 5 days on which sales in Shares are recorded before the day on which the issue is made, or, if there is a prospectus relating to the issue, over the last 5 days on which sales in Shares are recorded before the date of the prospectus (Placement)".
If they still issued 50 million shares then the total doesn't add up to $12 million.
Maybe they went with less shares.
Any thoughts anyone?
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