Make no mistake, to raise the approximately $14.33m / £7.96m...

Make no mistake, to raise the approximately $14.33m / £7.96m from the rights issue, whether it comes from private investors or institutions, it will be done.

Those saying it's not worth it and calling for a greater discount, need to be honest about their strategy. All they want are cheap shares in the 1.4-1.6c range that they will sell back as soon as the share price gets back to 2.0c. Pocket their 20% and complain about the number of shares on issue and ask when Dave will consolidate.

What Dave is doing, IMHO, is setting a marker, 1.8c, that's it.

Since Icewine 2v was shut in the share has traded in this current, very tight, range. Dave has in essence said "this is the base, I'm offering current shareholders the chance to buy more at a small discount, if you don't want them, fine they will be placed, don't whinge you weren't given the chance". IMHO.

If you can buy on the market cheaper, well done, your strategy has worked and you got what you wanted from the market and didn't need it from Dave.

88E have to raise money every year whether that comes from PI's or institutions to operate, as they generate no income, they would acheive nothing without this process. It is what it is.

If your a shareholder you have the chance to pick up some or all of your rights issue, buy on market or buy nothing. Whatever you do Dave is trying to set the base, seems to me, he is at least attempting to look after shareholders.

Gltah's

Cheers