Yes this is an excellent outcome for TRT shareholders.But a tad...

Yes this is an excellent outcome for TRT shareholders.

But a tad confusing...? It was a 1 for 2 rights issue, with only 10% of the stock taken up by shareholders - I presume that in addition to the 19.9% placed to S2 there are more shortfall shares still to be placed?

The Trading Halt ann said the announcement was in relation to the 'shortfall and a proposed subscription'. But the announcement does not once refer to the shortfall and its status.

And if I am correct, will the rest of the shortfall have to be placed at the same price of 9c? 

For me, this sort of leaves a few questions.

But on the whole I am very happy with this outcome. Tempted to buy more, but the sell queue is very thin now. Hopefully the S2 entry will elevate the market interest in TRT.

Gosouth