Epika you are plain wrong at point number 2.
Gordon and Colette are better than everyone else under this deal they get their entire stake turned in to 15% if you read the proposal properly and it's 24.9% total so only 9.7% for everyone else and they are the ones left with the 60c payment and coming in short with scrip rollover it's a total doubel standard.
and on point number one board are supposed to act in our interest at all times. What is in it for them if they do because shaky deals are incentive not too and your kidding yourself if ASIC even care or have the resources to do anything about it. Here unlike the States anything goes shaky deals keep getting shakier and no one ever gets punished provided they cover their tracks even though they are constantly pushing the boundaries. ASIC are asleep.
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