Ann: Capital Raising , page-4

This is a disgrace. From various communications over this week I realise that many individuals have made seperate messages to the management and media representative of TEX raising issues with the expiring "old" options and lack of attention to consideration of option holders.

The FAS optionholders will be proud of their representatives and how they have preserved the investments of optionholders throughout the GFC.

The TEX company has decided to discount the share (dilution) issue at -21% plus a free attaching option. That equals dilution plus a degredation of the current SP 7c.

Tony D, you have been very vocal on this forum during the Blaze takeover days. Where is your voice now? How do you make this shine?

As I understand it, Blaze has 5.x% of the current shareholding. They have the numbers to put up any resolution to the upcoming general meeting. This includes removal of various officers. Please call and you can have my vote.

I am proposing a meeting with TEX management to discuss the capital raising. It is wrong that over 10% of the shareraising will feed the MD's salary for the next year (until the next cap raising??) plus he will no doubt cash in on multiplying his position by taking up their piece of the pie?

Shame.

My name is Dave Miller. I held in the top 20 last time I checked and my email is [email protected]

Apologies for any newbies to this stock. I went through the last "catapulted" raising which was raised at 187% the current SP - I got burnt. The options are a distraction and worthless. Calculate the dilution of shares and options with this offer. Just look how the last option holders are being looked after.

And the cap raising is fully under-written by some mob. Desperate times being displayed at a time when the market is turning up at last. Timing is everything.

I doubt that I'll be taking this up. If others do likewise then Paterson Securities will clean up the scraps then the next few months will be spent with "people" manipulating the SP via bots etc to maximise their exit.

Shame again. I have received various phone calls from LR and TD directly during the Blaze defence but not now.

Damn you.