questions for the agm, page-15

After going through all the recent FML posts about shandong deal on HC, I have come to one conclusion: We the current shareholders are not against Shandong or any other company looking for 51% stake in FML, what we are concerned is the effect of a single entity holding 51% can do. If the management can put in some safeguards to protect the minority shareholders then most of us dont have any issue with the deal.
I personally would like to have following safeguards for minority holders and some clarifications as below:

1. Shandong will never do a force-full takeover after the deal. If it does, it will have to pay a heft premium of say 200-300% atleast.

2. How will they spend the money raised from this deal to be outlined in detail in one month after the deal is finalised.

3. There will be no more capital raising after this deal so that the current holding of the minority shareholders is not diluted any further.

4. How are they going to bring down the cost of production at each of the sites (which is one of the heighest in the industry) to be outlined within one month of the deal being finalised.

5. The money from the deal will not be used for future takeover unless and until FML has lowered the production cost and the full potential of Treasure Island has been discovered.

6. 20-30% of the managment salary to be paid in form of shares bought on-market.

7. Shandong will not buy any more shares on-market/off-market.

8. Last but not the least: Management will stop paying unnecessary advisors/marketing fees like they pay to GoldOz, as this is a clear conflict of interest.