I'd imagine it would be difficult for CPS to on-sell the large...

I'd imagine it would be difficult for CPS to on-sell the large parcel of underwritten shares to its clients in such a small span of time too.

If they do manage to, then CPS must have some clients very keen on Kooline or Unaly. Who knows, we might even get a new substantial holder(s) if CPS manages to flog off all the shares.

If not, then CPS will be joining us on the register in which case they must be very sure they will turn a profit on this investment and SRN will be liquid enough for them to exit in the future.

Vlad's $806k scrip take up is impressive as well, given he had the option to settle his loans to the company with cash but choose shares instead.

Also - entitlement offer shares start trading tomorrow. Were suppose to trade today but apparently advanced share registry was still finalizing the underwriting part of the raise when I rung up today to ask and was told it'd be good to go by tomorrow.