The offer, according to Mr. Oshin, opens on the 20th of March 2008 and closes on the 31st of March 2008 with an offer of 350,000,000 ordinary shares of 50k each at =N=5.20k per share and Rights Issue of 400,000,000 ordinary shares of 50k each at =N=5.20k per share which closes on the 7th of April 2008. The shares of the company have been under technical suspension by the NSE following its application to source for more funds in the Capital market.

Commenting on the offer, Mr. Oshin was quite optimistic that the offer would be oversubscribed because the public has been waiting eargerly for the offer to open. It would be recalled that the shares of the company was first listed by introduction on the floor of the Stock Exchange on the 12th of June 2007 at =N=1.75k and is currently =N=6.50k.

Mr. Oshin further explained that the reason for opening the offer for such a short period is to avoid excessive oversubscription of the shares thereby giving the company a bad reputation. It is expected, therefore that those who subscribe would likely get their allotment.