entitlement not, page-28

Directors have announced that Ropren sales have commenced. They are not required to reveal day by day sales progress. When the next quarterly comes outall will be revealed. In the meantime, they have announced that they expect demand to exceed supply, ASX rules would only require them to announce if this was not the case.

My presumption is that sales are progressing well and that directors are not revealing the dollar amount because they are not required to and because they want to pick up the shortfall on the new issue to place themselves into a pre OPES position.