lets have another raising, page-45

Cujo,

Now you made it clear that you are not reading clearly and reading only that supports your opinions which seemed to be somewhat in contrast to the facts.

Since you seem to be bent on misrepresenting at any cost. I will explain the process.

Step 1

As per the sections noted in the sheet titled "Notice of Resolutions", the shareholders put forward their resolutions and request the company to hold an AGM and sign it. If they want any statement to be circulated to the shareholders, they also attach it. That is the sheet titled "Statement Pursuant to Section 249P of the Corporations Act"

Yes that sheet titled "Statement Pursuant to Section 249P of the Corporations Act" contains the word Proxy. However how it connects in the process designed by the Corporations Act 2001 is explained in step 3.

Now we are at step 1 where the shareholders sign the "Notice of Resolutions" and send to the designated address for collection.

Step 2

When the Notice of Resolutions is served on the company the company calls an EGM as per the wishes of the shareholders if they number 5% of voters eligible for voting in a meeting or 100 valid signatures.

Step 3

The company and Link market services send the sheet titled "Statement Pursuant to Section 249P of the Corporations Act" along with the proxy to ALL shareholders on the register.

This is where the Proxy instructions come to life. If the shareholders wish to vote then the statement is requesting them to do so and nominate the designated person as their proxy AND send the proxy to the company.

So you are either getting confused on the process of the Corporate Act 2001 or deliberately misrepresenting the facts. Hence my earlier request to get your facts correct before posting.

As for the details of the proposed directors, I would advise everybody that even if Warren Buffett proposes poor business plan and strategy that company will not survive. So the proper business plan is vital for the company to be profitable.

We have provided the business plan we will be following if we are elected to the board.

If the shareholders are happy with the business plan and wish it to be implemented in the company that is when they take the step 1 described above. Sign the "Notice of Resolutions" and send to the designated address.

We take the first part of the step 2 and serve the "Notice of resolutions" along with the sheet titled "Statement Pursuant to Section 249P of the Corporations Act".
to Ventracor.

We will also provide our profiles to be circulated at the same time.

As for the costs of the company, it is minute compared with the benefit to the company when we transform this company into profitability as per the business lan.

Incidentally did you ever give any thought how much it had cost the company for all the failed capital raisings undertaken this year.

I asked Peter Crosby and Graeme Fallet that question a long time back in an email and they are yet to respond.