Let's hope this enables them to prove the additive works.

Unfortunately for those who were in at higher levels, it looks like massive dilution . . . . .oh dear. . . .nearly 50% (or are the figures wrong?)

Further detail:- see RNS (DYOR).
The new shares will dilute Retail Investors, but not it seems "selected" investors - although they are not specified they are able to subscribe at 21p. ( hence the recent sp falls!).
However, a fudge has been perpetuated to preserve EIS/VCT status - by admittinig the shares on consecutive days - frankly if "not-doing" this would interfere with these tax-break inducements then the Rules are a sham....exactly what disadvantage is perpuated by admitting all these shares on ONE day, instead of Two.Seems to me from this position, there is no difference when there is a 30-day rule for shareholders.....

Aside on VCT's
Tax incenticves rarely benefit the retail-investor, rather it is a mechanism for early-investors to claw-back some cash which by definition is locked-into the shares, because of tax incentives....For OXN, this late2007-dilution is an example showing any original retail-investors have had their investments made less-valuable through no fault of their own.
The new money ( ca. 4m) is probably already earmarked/spoken-for and one suspects little of the 4m will remain in cash - Should we believe 2m will be cash in 2008, that equates to about 3p/share.

So the rest of the sp is hope and maybe a little hype; for I've read nothing to explain why the OXN-technology fell down so badly in the Turkey diesel disaster, mid 2007 ( see graph!).

For me, until I see some evidence of effacy, I'm not prepared to invest in any "maybe" . . . .
EDIT.(3Jn09)-fell sharply after Results - now 7p - Ooer. Those "special investors" aren't liking this now, eh?
EDIT-(14/07/09)-Thanks to Sunday Telegraph,"Business" I'm understanding the fall is due to losing a Court Case, despite spending rather too much on it. It appears they don't own the underlying Patented technology - rather they should buy from the Patent-holder....puts the business in proper perspective, eh?