Hi Bray,
I think you are right about existing shareholders being reluctant to take up their offer and no one can blame us with virtually nothing happening over the last couple of years. l am going to take the punt and if they actually complete the Canadian deal it will pay off well but if it goes anything like what happened in China I think it may well be game over for Kalina.
Ann: Extension of Closing Date for A$2.2m Rights Issue, page-3
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