what will happen

Can anyone let me know who will be underwriting this capital raising / share issue ? and what's going to happen if only a quarter of the total shares allocated are taken up given that:


a) I Note that Mr John Langford in the annual report has about 8,500,000 shares and in this capital raising he is only going to take up 2,000,000 shares of his 4,250,000 allotted entitlements.

b) Mr B Eldridge has 2,420,000 shares which under the capital raising entitles him to some 1,210,000 shares but he is only taking up about 650,000 shares.

(IMO...The lack of these 2 directors taking up their full entitlement under the capital raising is a somewhat concern to me. Like most punters you put your money where your mouth is when you think that you are on a sure winner !! )