Ok just saw the directors notice thought it was an oldie.Agree...

Ok just saw the directors notice thought it was an oldie.

Agree re immediate upside I had 7.8 the first techno target.

One thing which crossed my mind tho ....... u guys voted out haf the Board at last AGM didnt u (before my time here)?

Well first dilution via C-notes and now second dilution via SPP instead of pro-rata ...... PAYBACK TIME to lessen the influence of past major holders haha.

Sorry but trying to UNDERSTAND the MO and maybe its as simple as that haha !

Happy to keep seeking the cheapies but aint chasing til we know whats what.

Back to SPP ........at last years annual there are 2370 shareholders. At 5Gs each, that means ORP can POTENTIALLY raise 11.5 million bucks from this if all took up entitlement.

And if say it si done at 2.5 cps, that means potentially ANOTHER 474 million shares to be issued.

Of course that WONT HAPPEN ....... but whatever is done it will further dilute existing long term holders pro-rata.

Lets assume one-third is done hence about 4 mill bucks for about another 160 mill shares if they are lucky.

Didnt spot whether UNDERWRITTEN or not ....... doesnt look like it, but if it was, could deliver CONTROL to the "boys" whoever they may now be.

In any case, it is DILUTIONARY BIG TIME to existing longterm shareholders and will lessen their hold over comapany's future direction ........ which in itself is probably not a bad thing.

Numbers off the top of my head so u can check pls.

IMBOOC