Ann: General Meeting Presentation by CEO , page-9

I'm sure there'll be a pump up of news once consolidation is complete. A capital raising anywhere between 6c and 8c would be a good result at this stage. The question will then be whether it can hold it's price.

there was always going to be more dilution, anyone who bought thinking otherwise had rocks in their head.

Interesting comment as there were quite a few here who were adamant there would be no need for a further placement.

As always the presentation reads very well. If you ignored the history of this company, the potential gets you quite excited. Unfortunately it's difficult to ignore the past. Management need to prove itself before we will see any real investor interest.