spa vs fln, page-16

10.5 million new shares to be issued per the EGM papers.

We are talking peanut$ here. Most likely the bulk will go
to a several small cap funds - those already expressed interest per the announcement. A few loose shares might be stagged but it will all be gobbled up by the small cap funds likely to want to build up a decent size holding.

A 5% holding of the soon to be listed Bulletproof Networks is only about 4 million shares. Turnover for the past 2 weeks total about 3 million shares. Punters have already sold sub 40c.

Quality minnow in a wonderful space - stock tight as a drum - I am going for the ride - this is not a ramp.