Not this old chestnut again!
gassed, enough of Bizz owns the company, and we should be grateful he didn't walk away.
How many times have I got to explain the history of what actually went down.
He owns circa 36%, and is in the hole circa .016....that's 1.6 friggin cents!
He ain't walkin till the "entitlement offer" debacle of June 2013, is remedied. And he ain't doing you or me any favours.
""We agree with ASIC that the entitlement offer "appears to be principally and commercially designed to enable the Bizzell Entities to convert the debt owed by Laneway to the Bizzell entities into equity in a manner that is expected or likely to result in the Bizzell entities acquiring a controlling holding in Laneway.""
http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=reasons_for_decisions/2013/007.htm
Don't just read it...study and understand every little detail please.
And stop with this grateful and subservient attitude please!
Oh!...and no more about the friggin Renison days please...simply not relevant, except for war stories around the Agate Creek camp fire.
Ann: Quarterly Activities Report, page-174
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