Shortfall Allocation, page-36

The fact that directors were not prepared to take up any more shares is interesting.

For a company with such "massive potential" i just cant understand why the capital raising was not fully subscribed.

Unfortunately this stock will die a slow horrible death to the point where they have to do an ugly 20:1 consol. Which will leave current holders diluted heavily if they intend to still raise at 10 cents.

As i have continued to say, this "might" be a good investment however there are not enough details to suggest that it is at this stage of the game.. Are you really happy to be potentially paying a 40-50 percent premium on your shares now when the the deal hasnt even been completed.

Just like ODN, CVE, BNE and a handful of others who intend to consolidate. Its better to wait til they have been through this process. Consol will always hold back a share price, especially of you dont even know what the rate will be.