Indpendent Experts Report

This is a statement from the Independent Expert's Report - "In determining whether the Proposed Transaction is reasonable we have analysed other significant factors, which shareholders should consider prior to accepting or rejecting the Proposed Transaction" .

I would have thought the loss of income to Mayfield from the Cranbourne management service agreement would have been a significant factor that the IER's should have quantified. All we know is Mayfield recieved $120,000 in the last half for managed services to Cranbourne and St Kilda and the agreements were for 12 months. There is no mention which makes me even more suspicious. Mayfield has a management service agreement with Cranbourne which clearly won't exist if the transaction completes. This will clearly impact on the revenue of Mayfield as if the transaction did not complete Mayfield would still be in reciept of the income.