Ann: Placement of shortfall from Entitlements Offer, page-6

I believe this shortfall stock went to tight hands & long term holders. I also believe that the few lucky recipients put their hands up weeks ago for this stock (when price was 0.6/0.7) & the reason why not placed earlier is because there were various payment terms that have now been satisfied..Gutnick is not that stupid to place the stock into weak hands.

I highly doubt that we will see the price back to the 0.5c level. We have had a 50% Fibbo retracement which should be enough for now.The sellers we are seeing now are old holders that participated in the rights issue. Why not sell for 60-80% profit.

I happen to be greedy & prefer to let my profits run. Especially when my belief is that we are sitting on a potential 20-30 bagger over the next 6-9 months.