sydney investor presentation, page-11

last post on admin and why from me for a while:

I simply want to see some forensic accounting coming into this to see where the money has gone - who profited on the way - which decisions are open to challenge and come-back - is there a basis for further action.

Most retail holder like me would be sitting on a substantial loss where return of any amount of that loss (current plans presented/debt-equity problem/limited income generating projects/continued underperformance-over promise/no trust in board/etc etc) is rather unlikely (due to massive dilution - already sitting at 175% and likely to be much higher) so for me it does not matter anymore if 10-15 mill are chewed up in the admin process - as long as we get some clear answers.

While cards are being held "close to the chest" - parties appear to be inter-related and "outside" forces being in the drivers seat : can NOT see us retail holders getting any real answers to even enable us to make an informed decision.

How many hundreds of millions were "squandered" - and why on earth would I put more into this ????

A potential time frame of 5 years makes me laugh - see what has happened in the last 3 years and cry.

By all means hang in there and 'Hope" - but that now has nothing to do with "sound investing" anymore.

Believe we were sold a house of cards and it has collapsed.