email/write to asic, page-25

"Effective" control as defined by me should take into consideration all outstanding options and business associates who may be or may not be acting in concert. e.g. Deutche Bank has long standing business relationship with one of the large CB holder, chairman of Geely Auto AS WELL AS identity of other debt or loan holders, which become crucial when a company is not cash flow positive.

Please remember that hard rock lithium's value lies with its processed purity and its ability to provide batter manufacturers for premium battery. Without mass production of premium battery car, GXY's Mt Cattlin and James Bay assets have doubtful value if Talison is the price leader and main price determinant. FIRB and potentially ACCC's focus should be Talison's pricing behaviour and how it may impact on GXY.

While I understand that the above assets may not be valued at current predicament of the company. They are the sole reason many shareholders invest in this company during the ipo and subsequent capital raising.

Can somebody let me know how much CB is still outstanding? Management's failure in including forced conversion clause in original CB clearly disadvantaged minority shareholders when they are jumping into major transactions that they know the company can ill afford. Question is can a forensic accountant prove that the ex and current management knowingly jump into such tranz? Will they do that with their own money? Have they acted prudently?