Ann: Institutional placement-PEH.AX, page-9

yeah this is a bit different to when microcaps constabtly ask for more cap raising whilst business is not profitable, only to pay their own salaries.
this would have been seriously researched by insto's and pricate wealthy investors so the fact that it was over subscribed means they agree with us holders that the future is bright.

i dont expect short term sp drop really because this creates both liquidity in the bance sheet, funds for calex to drive sales growth, and stockmarket liquidity.

should hold 9c then head up north of 11c in next few months, as new clients are announced