what is happening now?, page-28

jim- lets try and recollect the week just after the FH did their preliminary 'consultation'.

What happened? well a 5 day VWAP of 6 was 'set up'. This is known by reference to Brokers Report, Boutique Broker clients being canvassed to participate in a Placement 'rumoured' to be at 4.5 cents, thus the 6 ish price VWAP for Placement "discount". You mightn't have been in that "loop" jim but there were various 'confirming' posts here not least by 2 hearts [now seemingly 'exiled'?] anyway the TON spike once again was "indicated".
Oh jim the full waincer routine was on the grapevine. Major Cornerstone was coming in to take the placement,Higgo New Mgt was imminently about to announce Spiking News. The Placement was for ONLY $2/3 mil 60mil odd new dilution. just for 'operating money' ie Grafex and Brad Payouts 'presumably' and GMP would have the TON show back on the Road.

etc etc whatever. Go back to late Feb on this thread Jim and see how it was.

Anyhow some reality got dosed in. Jenks Tax Bill and the dawning on him of just what a joke he'd got sucked into by the Brad Boyle Dream. Yes jim the Black Dog moved in on Alan. Higgo was preparing only a very "generic" Outlook position paper but the rumour mill/social media in his words had ignited Friday trading coincidentally with GMP brokering Jenk's Parcel. Jim it was KNOWN on the day by the "cognescetti' that jenks was selling that spike. The Brokers "leaked" it but apparently not to the hearts? or did they?

Anyhow this was all a bit much for Higgo so he called a Trading Halt and then Tuesday issued his Outlook statement. As I say, there really wasn't much earth shattering or rather Spike Causing in it BUT Jim don't know how many motors bought on the strength of his 'research' but it has been stated here that gbar bought some 2 million on that Tuesday. Why? I imagine it was the CornerStone "rumour".

Anyhow jim go find WHEN mozmet declared TON only owned 80% not 90%. Think it was the WeekEnd before the outlook statement. Alternatively see by first VA meeting that NO Jan/Feb instalments of the Golden Boot had been made. Find out that in a "near insolvency position' that creditors can not try to jump the queue and jim that week FH 'book/sitution' inspection established the creditors list.

Anyhow just like you and motors can take umbrage about the timing of the VA, you should consider the scenario possibiities if it hadn't been implemented.
A Placement at 4.5 cents takes the price to that ie 25% Loss on a 6 purchase.
Gillman the Glimmer Man has to meet his Tax Bill too so another director sells.
The MellonHeads get to work on their Ambition for a 1/2 cent BuyOut. Grafex goes along thinking they may get 100% back by Breech of Contract. Go look up mozmet again when he comments on Higgo's lack of Business skills, not being a People Person like "their" boy Brad.
Jim there was No Cornerstone without 100% ownership, no Investment when there was a possibility of their first $5mil+ going off to pay CGT. Jim, No VA called and High Possibility of WAINC counter coup on Higgo and a 1/2 cent sp on AGM day.

no jim only way imo that the Outlook could be implemented was by suspension so various unbelievable negative factors could be 'sorted'. Management of Market Dynamics by our Man Higgo!!