Ann: Notice of General Meeting/Proxy Form, page-80

Ok mate, I don't care who "told you" but can you at least tell me when the loan was created and how the numbers of shares to repay the loan was decided? I have asked the company that and I am waiting on a response but if you've beaten me to it why not share the answer.

I've come to my conclusion based on the information the company has provided the market, if you look at the balance sheet below provided in the independent experts report you will see there is no loan outstanding to value of $1.9m. So from that information I have concluded that the whole loan was not owed at the time of the merger was originally announced (there was a loan at the time but how much is not disclosed). Even if it was to repay a $1.9m loan with circa $7m worth of shares & options in not in the best interest of shareholders.



Hey I would of happily loaned APP the money for $3m worth of shares.... it's just not commercial.

Until I'm presented a reason this is in the best interest of all shareholders I would still advice people to vote no to the resolution and repay the loan in cash, lets not forget the loan is to one of CRO's suppliers no CRO.