mising the point, page-3

correct patrolly

and the reasoning behind not informing the market each time the company proposes to draw down further on the facility is simple enough - so to advantage GEM/EEQ

were the company to inform the market on each occassion that it was about to draw down on the facility, traders would immediately exit their positions (forcing the price down), as they would know that GEM/EEQ was about to spend the next 15 days using it's stock lending facility to short the SP as aggressively as possibly, thereby forcing the SP down also

but of course there can only ever be so many buyers at any particular price, and so as not to interrupt the shorting activity of GEM/EEQ in realising a low SP, the company directly assists GEM/EEQ's shorting activities by not letting the traders exit at the same time or beforehand, thereby leaving any buyers of traders' shares to instead be buyers of GEM/EEQ short sold shares

we can, as usual, thank the preferential treatment that this current management team has given to GEM/EEQ for this scandal of pure SP manipulation

that this management organised a deal with GEM/EEQ which also saw them arranging the stock lending facility is outrageous

raising capital is meant to bring value to the company, and those who own the company - we the Shareholders/Owners

instead current management have brokered a deal that directly enables one investor/shareholder/owner to benefit from the continued depression of the SP, while at the same time extracting value from every other Shareholder/Owner, through the reduced value of their holdings due to the depressed SP, and through the ongoing and increasing dilution the deal offered to GEM produces

at least with the crazy (and just about as equally stupid) deal proposed with the Asian group, the dilution was known and fixed

but with this GEM/EEQ 'financing solution', GEM/EEQ have the ability to surpass the holding that could have gone to the Asian group, if GEM/EEQ prove to be successful short traders

as trading on 27 January should clearly evidence to all Shareholders/Owners, it matters no longer one iota how good or how often the company releases positive and upbeat announcements, because lurking right in front of everyone's trading screens is GEM/EEQ seeking to counter-trade every attempt to raise this SP whenever it serves their interests

trading of the 27th saw nearly 25 million shares transacted for 202 trades - quite a spike, and no doubt as a consequence of the market viewing favourably the announcement concerning the patents

but unlike days of old, where we would have easily seen maybe a 25% or greater rise in the closing SP due to such news, instead we find that we close where we started - 1.9 cents

and just take a look at the numer of X trades and the number of insignificant (in dollar terms) trades, and there you will see a series of unprofitable trades that can only be afforded by brokerage houses

yes, your company has betrayed it's legal obligations to protect value, and to safeguard the interests of all Owners

current management is now perversly beholden to the interests of just a few shareholders - and let us not forget the major shareholders (or two) who agreed to lend their stocks to GEM/EEQ to be able to massacre our SP

come the soon to be announced meeting for Shareholders to vote on both the GEM/EEQ and Doyle deals, I stronger call for, at the very least:

i. management who were directly responsible for formulating the GEM/EEQ deal be requested to resign, effective from the date a suitable (and more qualified) replacement is found and takes up their duties; and

ii. the recent Doyle deal be voted down in its entirety; and

iii. management be forbidden from ever arranging a stock lending facility for any party at any time in the future; and

iv. management be required to announce 5 business days in advance it's intentions to further draw-down on the GEM/EEQ facility.

please feel free to add to the above

once a suitable list is compiled, it can be presented in appropriate form to the company, to be included with the circulars to be sent to all Shareholders prior to the meeting, being additional motions to be put to that meeting.

if anyone is able to assist me with this task i would greatly appreciate it

my email address: [email protected]

good luck