Ann: Request from members to hold a general meeti, page-13

re: Ann: Request from members to hold a gener... daleg

To use the tax losses you need to keep the existing entity going and it needs to operate in a similar line of business to how the losses were incurred for them to be able to be used.

If MXQ pays out the capital and ends as an entity, then the losses are flushed and the whole proposal would be dead.

If people don't like the deal, then simply accept the payout at cash backing and be gone. No-one is forcing anyone to stay in. This is the way they have structured the deal.

You can bet a body organ that the people buying in since this was announced are friendly to Alceon. They are shoring up their votes and also their investors are getting on board at a 5% discount to NAV as well.

Apparently there was someone on this in the AFR yesterday but I do not know what is said. Can someone paraphrase it here for us so we can discuss it?