letter of offer announcement, page-8

I agree with you Maca01, most raisings are limited to Australia and New Zealand due to compliance and other cost factors. That is why companies list on other exchanges.

The real question though is why make an issue at 1c when the stock was trading at 3 and 4c? Fully underwritten at massively discounted price. All this means is that there will be a large overhang on the company for quite a while as stock is fed out at profit (think about it - $1.7 mill issue - even selling at 1.5c means a $850K profit on that purchase).

If this placement is successful, DDT is going back towards 1c, no doubts about it. It might rise from there, but I'd be happy to wait and accumulate there if the DDT situation improves.