asof a dud '2nd chance' deal, page-10

myronc,

I fail to see the financial relevance between the payment of $0.013 to unsecured creditors and shareholders as there is none, shareholders get none of it. I assume that you are trying to show some moral stance that under the Pinder deed they may have received more.

This is the first time that you mention that there may not be enough funds to pay unsecured creditors, why? If, as you seem to hope there is not, the result is simple it is called liquidation and unsecured creditors will get nothing. True as I have acknowledged many times this is not a result.

Also, "ASOF may supposedly plan to relist on the ASX. I am uncertain if that is correct" It appears that this is a condition precedent to the deed and the only thing that would stop it is ASX not accepting the cash and cash flows to meet the listing rules, or obviously you may have some other non public information that you need to share with us. However, I suspect it is just a case that you have been shouting the "Pinder is the only good thing for shareholders, ASOF is bad for shareholders" mantra for so long you can't accept that under the ASOF plan shareholders may get a benefit.

You have actually outlined the purpose of the DOCA in that one class has been exercised, but the Company trades on. In the old days it was just liquidated. This is not a requirement or relevant to an ASX re-listing other than it is now debt free, and (see above) has cash reserves.

As for your last question, one has to ask why ASOF would go to so much trouble to preserve it's major asset the public shell, and forgo the benefits of it just to acquire the balance and have the Company de-listed and act as a private company. You may also see my post this morning on this as well.