Ann: Placement , page-5

fang, I'd be interested in your comments- given I have bought in I'd like to know if there is something I've missed. You've said you wouldn't touch it with a barge pole, and I am wondering if that is because you have had history with the HTI company, before it is this new shell, or there is something you don't like about the new deal now being offered:
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a renounceable rights issue (on a 4 for 1 basis) to existing shareholders (Rights Issue). Both new issues will be offered at 0.1 cents per share.

New shares under the Rights Issue will also carry one (1) free attaching option for every two (2) new shares issued, exercisable on or before 31 March 2015 at 0.1 cent. Application will be made for the quotation of these new options on ASX.
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I am not criticising your barge pole, but can you critique this deal for me? A company like MST and a few others have shares @ .001 and nary a buyer, so do you see this as an MST type thing- with absolutely no hope? Is what I see as a beginning at the lowest price possible, some kind of illusion in your eyes?

Cheers. If you have any new goss on what might happen, do let us know. Coal sounds good.