Ann: Appointment of voluntary administrator , page-60

maybe his anger was the fact that shareholders were phoning him.

NB: As I understand it there are no ASX rules around convertible notes - they issued another $250K to C group at beginning of year. Its like LJ they can do it without approval as I understand it a legal loophole.

So no I dont agree - Either Mr E should not have put that in the document or there was an obligation, any way I want ASIC to find out. Personally I think there may well be a lot more unhappy shareholders writing to ASIC than anyone thinks. This whole thing seems just plainly wrong. I have lost very very little but what gets me is that if the cap raising had been completed as agreed I would have gone to meet with management.

The state of the company versus the impression I got from the documentation leaves a huge gap IMO.

Only a very small holding but ASIC will hear my views.