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I think you are completely right. You would imagine that if they would not have to pay the six million on the button. I am sure that it would take longer with legal delays and all that. I think the placement is let the big investors take control of the company. The only up side of that is that the big investors will not sell as quickly as the average shareholder, so the price in future should be more stable, as the free float will be much smaller. It has to be said that one of the reasons the share price has gone so much is that the average shareholder has being selling, cannot blame them really, with the lack of news and poor oil price.
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