I did glean through and have the impression that the sell down is an offer for existing holders to partake in the cap raising @ 6c / share with a max of 10,000 shares i.e $600 worth max.
Taking this as a pseudo insto type offer to shareholders as a reward ,taken from the 233k share placement kitty that the instos have access to.
Someone else may want to correct this or even clarify ?
The other stuff is related to the potential and current arrangements they have with a string of customers and its quite a protracted portfolio mostly if not all O/S sweden malaysia ect.
get the iimpression they expect to see a positive balance sheet in 08 ,qualified by the fact that things go to plan .
130 plus pages would take some time to digest and there may be someone out there that is familliar with extracting the meat from this sandwich .I focus on charts for gods sake ; but am willing to have a go.
Longclaw
ETC
entertainment media & telecoms corporation limited
