Ann: Amended Appendix 4C, page-36

Scott that is what I can't reconcile, ige are saying now that the funding they told the market through adia doesn't exist but it doesn't matter because the market didn't know who adia were and the sp is in a downtrend anyway. That is utter bullship when a company announces to the market (twice) they have finalised $300 million in funding, that is a game changer of epic proportions. How these morons tried to justify that it doesn't matter is beyond me:

From the response page 13 where it basically says we weren't factual but it doesn't matter anyway

"Summary of market impact of the ADIA announcement
Based on the actual market movement, the analysis leads to the conclusion that the ADIA
announcement of 15 January, had little if any impact on the gradual price decline trend that was
being experienced.
Indeed, it remains the opinion of the Board that an extension of the “reasonable test” would
suggest that the average shareholder and investor does not know who ADIA is, what they
represent, nor what if any impact they may have on the future of a company. This bears true when
considering the share trades processed and the share price movement post the ADIA
announcement, the optics of which is a continuation of an already established downward trend"

When you announce adia a company in charge of $850 billion id giving lending ige $300 milion IT MATTERS.
If it didn't matter why make sure you fixed the typo from $850 mil to $850 bil????
They wanted as much mileage out of this as possible.

DD

FACT ige MISINFORMED (at best) the market and are now trying to distance themselves from their own misinformation they provided to the asx.