I view it differently Rickynes. They can't go forward without...

I view it differently Rickynes. They can't go forward without adequate finance. Selling shares to raise finance is what the game is all about. Its the quality of the deal that I view as important.

The fact that what appears to be a good organisation is prepared to underwrite it, and help strengthen the Board, is a good thing in my view. Of course, I bought my stock last week, so dilution isn't a real issue. From my point of view its good to see somebody is prepared to provide financing at around the same price I paid for my stock. Of course I would be p**sed off if I had bought stock at higher prices. But its all a matter of judgement. I may be wrong and they may have to raise more cash by more dilution at even lower prices, but my guess is that they have now got enough to generate some good news and thus a higher stock price, before any more cash is needed. That suites me, and I take comfort from the fact that that is probably what those getting involved in this financing are counting on.

In my opinion it should be upwards from here!

Do your own DD. These are only my opinions. But then us Poms are no good at Cricket, so what do my opinions count for?

Barley1