According to the 'Independent Adviser's Report' there are a total of 670 shareholders. Take out the two main holders and you have 668. If they all take up the maximum allowed under the SPP then the amount raised will be just over 3 million, well short of the 3.5 million they are talking about. If some subscribe for less than the maximum, then they will raise even less, and the two main holders will own proportionally more of the company. Personally, I am not overly concerrned by this as I like it that the major shareholders and people driving this co. have the confidence to increase their exposure. I just hope they have their maths right, or, am I missing something?