Thanks for that Spiro.It doesn't seem to add up to me.This was...

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?