I can send a mechanic over to screw all you jokers wheels back...

I can send a mechanic over to screw all you jokers wheels back on if you like.

While you are busy groaning about the directors it may be worth pointing out a couple of obvious facts.

1. This is a large placement involving 7 million dollars with room for 3 million oversubscription .

Therefore there appears to be sufficient interest amongst institutions, SI, and directors to OVERSUBSCRIBE by 2million.

2. Directors have or will be providing funds for 12.5% of that 9 million total.
With me so far ?

So who are the punters involved in stumping up 87.5% of the 9 million which is still in excess of the original 7 million required?

It could be a couple of institutions or a well heeled SI have taken a large whack at it in excess of anything Dennis Eck may have acquired and still leave quite a few crumbs for odds and sods.

I find it unlikely that 9 million would be found off the back of 36 institutions and individuals buying 250,000 each.

There will be some interest in the top 20 shareholdings and subsequent SST notices after the dust has settled.