Originally posted by BigDaniel
It's all well & good to have a cr that is oversubscribed Tank but there are things to be taken into consideration when discussing the idea of increasing the cr by double the initial proposal .
Firstly the cr is oversubscribed however it remains open for further subscriptions but also withdrawals, only 20 withdrawal as of a month ago. Can't count our chickens before they have hatched.
You also have to consider the likelihood of successfully raising a further $5,000,000
Lastly the company & shareholders have to consider how many shares are already on issue.
But potentially it is/was an option.
Dan.
Fair comment mate. I suppose we could of looked at only raising another $200-300000 and using that for biohealth. Anyway it's all conjecture now.
Let's hope there's some magic in the following anns....