Ann: Section 708A Notice and Appendix 3B, page-19

Seriously guys its hard to see any future here. LIND have a further $2.8 million owing to them. They will either convert and dump into any bid they can find on market or call in the debt in a year or so when its due. This will mean the company will either be forced to hand over assets under security arrangement, or there will need to be a hugely dilutive capital raising to pay them back, either way a horrible outcome for shareholders.

Its not easy to cop such a loss i know, but i have sold the last of mine and this is my worst loss in 20 years of investing. I feel utterly embarrassed that I was stupid enough to believe the rubbish we were being fed by this company for the last 2 or 3 years.

As for the board, i fail to see how there is now any circumstance that would justify them continuing in their roles with this company. The fact they put the company so at risk with the horrible convertible notes deal they signed (organised by the CEO) is grounds enough for them to all go. To sign a CN deal that lets the debt be converted at virtually any price on the downside is just awful management.