EGM MEETING, page-18

As always, I preface this question as someone who has held since day one, still holds, and desperately wants GMV to succeed.

What do people think the American market (particularly the well researched instos) will think about the overall SH breakdown?

I'm assuming they will realise that out of 60million (approx) shares on issue, their 5 million will be bought at/ worth approx $5, whereas the other 55 million, were prior to NASDAQ float worth (taking into account consolidation and exchange rate) approx $0.49C (.039c x 18 consol x .7 exchange rate).

I apologise if my maths is wrong (it often is) but that works out, at the point we delisted as roughly 1/10 of the value they will float at on the NASDAQ (49c - $5).

Will American investors not be a little concerned that they are buying a share that has been inflated 10 times (after everything is taken into account), with no material change in its operation, financial position or prospects, from the day it delisted to the day it re-floats?

If I was an American investor, I'd be asking why I was expected to pay 10 times as much as an Australian investor for the same company. Which leads on to the next and even more confusing question: What do the Americans think will happen when the other 90%+ of shares on offer suddenly hit the market in 6 months at 10 times their value pre-float - when many are held by frustrated and skittish holders?

It will be a bloodbath of historic proportions.

And were that not to happen, what does GMV need to do between now and then to convince Australian holders NOT to take 10 bags (if the share price holds) for nothing.

I'm just struggling to see how this is going to work, and can't get as excited as some.

Are my workings miles off the mark, or am I missing something?