Ann: Car Parking Technologies Completes $15m Plac, page-4

re: Ann: Car Parking Technologies Completes $... The costs of running a issue this way are way cheaper and quicker than a issue to all holders.

Management can only issue a certain amount each year without shareholder approval so they have done this before the AGM and the 2nd tranche to be approved at the same time.
Great they have got the money although it is not much but the management need to respect smaller holders and at some stage issue a rights or options package so they have ability to top up and regain part of teh dillution if they want.

Money going straight to core business but it better generate some income fast so they can rollout as fast as they can negotiate.

Small article in fairfax paper on these guys this morning

An intersting one to watch