Optionco et al, page-39

Thanks O&G for your responses. I get the impression you really have your finger on the pulse with what is going on so your insights are very useful.

For me it really has confirmed that the best thing to do is sell. I can sell and take my money now and buy back later at a lower price and participate in the 5c rights issue Avenger outlined. I recon I will double the number of shares I get for the same money I would get selling today.

Reason is that if optionco plan is continue with the current business plan I expect the share price to drop back to that price before the Mac offer (maybe lower?) of about 11c, why would it be different? Then if they raise about 20million I get half the number of shares again at 5c.

On the other things:

I have spoken with CPSA in a couple of forums, to be honest I didn’t feel that the relationships with the different groups and who is getting paid and will get paid in the future is very clear, though as you say he did say they were getting paid by ctp but aren’t anymore. But that just begs the question of do they want to keep ctp going for more fees?

Trident Capital sent the notice of substantial shareholder on behalf of optionco that was released on the ASX so I assume they are involved with optionco somehow. Maybe it is all harmless but it would be nice if it was all just disclosed.

I haven’t met the two ctp directors you refer to but if I put their names into google I get lots of recent background on them. If I do the same with optionco people I don’t get very much, just that Nick Bolkus is apparently no longer involved with Bespoke Approach, there is no evidence of him on their website and his involvement seems to have been many years ago so why does it say he is in the preso? On Stuart Howes, nothing appears at all. He doesn’t seem to have any profile which is weird for someone going for a position at this level don't you think?

Maybe they are all great and will be a good bod, but now it just looks like a really big risk which just reinforces the riskiness.