facts

I see a few people have been busy playing verbal tennis. Obviously every investor has his/her own view on company's/management/opportunites etc.

The Basic Facts are:
- Indo project is the first step in transformig (back door listng) this ASX shell
- ASX listing companies with no real business rarely have substantial dollars in the bank
- ASX shells typically exist running lean operations
- Typically only once a deal is finalised, does the ASX listed entity raise susbtanital dollars
- Since the GFC capital raisings outside of the top companies have proven challening to undertake, I draw your attention to the number of IPO's in 2012. All the press over the holiday period has stated what a tough year for IPO's.
- Finality of the Indo deal, as per my discussion with management at the AGM after encountering a number of timelines that have not been met, they are now only able to announce once the deal is DONE.

My thoughts; if capital raisings are difficult with listed entites who can offer investors liquidity, I then take an educated guess that raising of capital for unlisted entities would be even more difficult.

Unfortunately all we can do is trust that managment are doing there job and therefore continue to wait.

D: Being I own plenty of shares I am just as (probably more) irritated as most.

Cheers

Clever1