On the other hand though it means a resolution is likely sooner than later.
Of course they could just do a small placement if they needed to.
My first concern before getting in was that the company could be wound up due to the lack of anything in it.
However the comments from the Chairman were fairly clear- they are shopping the shell around to various brokers etc looking for the best deal.
I like the fact that there are just less than 200m on issue, rather than other shells with 500m+. Should give a good run if there is not much dilution on the deal.
ROB Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held