80 fo 1 consolidation possible outcome, page-9

Well done, go forth and speculate. love it - lets kick this along so we have a grand entrance of "Bluebottle" the great at the AGM. As per FOY's last annual report there are nearly 1,700 shareholders and we have to read such crap from Bluebottle & Gang. the mind boggles at what has been written and the simple lack of intelligence behind such "Opinions" & gossip. Correct me if I am wrong the resolutions proposed for the AGM have nothing to do with an 80 / 1 consolidation or anything remotely close to the bluebottle & Gang statements. Again, read, read and read again. But most importantly it relates to the re -election of 2 directors and the appointment of 2 new directors and of course the resignation of one director with a fabulous reputation etc etc. The fact that a Mr Paul Dickson has made a placement of $337,500 to FOY and quite rightly so should have substantial board representation considering the current market cap of FOY is $916k yes $916k is nothing new. Now the IGE Deal What the company is proposing is text book restructuring to secure funding in this climate. AB can not be developed without FOY loosing total control in this market and that has been made very clear in past announcements etc & reports from the company, from what I've read. The directors are saying the only way forward is by producing cash which the IGE deal looks like doing so as to assist with further drilling etc at AB - Self Funded. Now put your glasses on and open your books kiddies and that includes "bluebottle & gang". IGE Term Sheet - Very Short view. A). Amongst other things FOY has consolidation 80 / 1. B). FOY to raise $3m to assist with the completion of IGE first commercial plant at Berkeley Vale. As you, I assume there is some value there in, ie what has been done to date. C). FOY acquires exclusive & non-exclusive rights to technology etc throughout the world and the acquisition of plant & equipment, etc at Berkeley Vale. D). IGE has also proposed that over a period of time, 4 years, such facilities will produce $20m ebitda for FOY. E). IGE will be paid zero cash however will be issued issued with "Performance Shares" subject to certain profit criteria benchmarks, as above $20m pa. If the profit benchmarks are not met the issue of performance shares will reduce. So if IGE don’t get their targets they get substantially less shares which I assume would be the norm here.. Consolidation or no consolidation - IGE deal is based on PERFORMANCE.