Ann: Placement, page-10

And it is critical they don’t over raise at these levels. The dilutionary effect is huge. They are effectively raising at 1.67c at the moment and even if the sp stays at everyone is making 20%. That’s fine for them but all the existing shareholders struggles to make a profit (or claw back some losses) becomes harder and harder the more they raise. If the product is so good and gaining traction as quickly as it seemed... then raise just enough. If it need more you will be able to raise more higher as long as the story is unfolding. If it’s not then it’s all irelavent anyway. Unfortunately the concept of raising that much now says to me they want to make sure plenty of people (not us) get in really low so they have limited downside.