Ann: Replacement Prospectus, page-3

I'm not considering buying in - I'll hold my bonus shares from demerger though.

For me the problem with buying in at 20c is the company will have cash of maybe $9mill after float and double the shares (assuming fully subscribed).

That's an asset backing of $0.09 and hence a share price of ????? $0.03 in the current climate is a real possibility.

However, if PK takes a large chunk of the float there may be more confidence that there's something worth having.

Just my opinion, empahatically DYOR.