I guess something that we need to get a picture of is what...

I guess something that we need to get a picture of is what percentage of holders are going to take up the offer? And the shortfall?

Regarding the shortfall - the offer is only open to Australian and New Zealand residents, 51.36% of the registry is held outside of Australia and New Zealand so automatically that means that even if every holder in Australia and New Zealand takes up their 5 for 8, there is going to be a shortfall of 230,506,100 shares. The shortfall allocation regime means that Al Tansim will automatically receive 132,561,492 shares before anyone else who applies for the shortfall (if anyone does) which takes their holding to 19.9% as per


So who is planning (or able) to do what?

Me (RSD) - unfortunately I'm not in a position to spend money at the moment so my circa 14.5 million will go into the shortfall pool.

Who else?