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rolandp - Tue, 02 Jan 01 :

Polymerman
Dont want to hark on because it detracts from great potential but I think your wrong about the financing.

20m Placing shares to institutions only (good bonus lads)
19.7m open offer shares to mugs (original shareholders who should be grateful for a few crumbs from masters table.)
No claw back over placing shares at all, it says so. We were never offerred the placing shares.
Unofferred to Institutions on top.
I did my best to help out, but this was still a gift to institutions any way you look.

For details see :page 20 prospectus : letter from Altium Capital, second and third paras. Its all in the small print.

Directors have a duty to obtain proper value. Did they do so?

Happy New Year and best of luck
Roland


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