can see raising being at levels sub 3c
they would have had a raising in mind some time before today
possibly already spoken to some sophs in regards to it
they may wait to see how high this pump goes in next 10 days
but sophs will want to be buying in at todays prices rather than 6c or 7c in a week or so
guess that is the price you pay for a placement to sophs rather than a drawn out rights issue