Mickey,I doubt FWL will issue any more shares to Springtree at...

Mickey,

I doubt FWL will issue any more shares to Springtree at anywhere near current prices as they have the $300K from the SPP plus the $102K that Taifeng paid them for costs incurred since June 2011 plus the $2.8M for the Taifeng share subscription that is due to be paid next week. As for anyone profiting big time out of the SPP and using those shares to hold the share price down I seriously doubt that as the SPP was heavily oversubscribed and I only received 60K shares out of the 300K I subscribed for so I suspect everyone else was in the sane boat.

Sin Tang selling at these levels achieve nothing now except to lock in larger losses on their investment than should occur, unless they are setting the scene for a corporate play which is hard to fathom unless they have an aussie listed company willing to launch the T/O.

PDY shares are in free fall so I'm sure Sin Tang can approach them with some sort of deal. The bottom line is that it appears that Sin Tang through pure greed tried to broker an agreement with FWL at a low opportunistic price and were trumped by Taifeng.