We need Anthony to agree obviously. He has more say than...

We need Anthony to agree obviously. He has more say than shareholders. Its his debt to put us into this mess. Their has to be co-operation between debt holders and shareholders but he is the key player. Plus we dont know who has control of JP shares.

I dont see Anthony holding 50% as a problem because he would be diluted well below that level. And I would think the best chance of keeping him happy and minimising dilution thus keeping new investors happy would be for Anthony to accept cash, shares, and keep some debt for 12months.

We will be massively diluted. Whether you include Anthony dilution in your $5mil figure its stil 2.5x our current market cap. And that $5mil will really be at a discount. So more like 3x, which is 1in4. So your $1000 becomes $250. Salvage something from nothing.

The sweetner that will keep us onside is no doubt a rights issue to fund the new entity. So if their are discounted shares we can buy them on 1:1 basis maybe with a free option. If we change direction then a new ASX code and name might help people forget our past. Will be interesting times. Maybe we all need to hammer them for an update.