Ann: ECQ Exercises Opitons to Acquire Cynata Inc , page-20

re: Ann: ECQ Exercises Opitons to Acquire Cyn... I am still up in the air a bit about the new share offer.
I know...
They are raising $5M (underwritten).
They are doing it at 0.40 post consolidation.
They can take an extra $1M.
What I don't know...
is the participation weightings.
If the Broker had someone in mind does that mean they could, ,,,if they wanted,,, give 100% to them and none to the current shareholders?
,,,could they also scale back to X (say 25%) degree current shareholders (again diluting them) if they wanted (notwithstanding oversubs) and again give shares to their clients/instos at what rate they determine.

i.e. there is no guarantee that what I request will be given, in any way shape or form (from 0% to 100%)
(as I said at the outset, a rights issue would have a much fair and better option)

Can anyone help here?