will it be worth partipating , page-20

orbis purchased 2,279,382 shares at price of 168,987 on the 4 and 5th of march
which is only a few weeks ago which is at an average of 7.4c why would they do this if they knew a 200mil cap rasing @ 6.4c only a few weeks away ?

It seems other substantial holders where not infomed. General media speculation
hinted at asset sales and higher intrest.

if EPN can come up with 40mil for the cap raising why didn't they use this to enter into an unsecured loan with MDT and let the rest come from unitholders. Also added to the speculation is MAQ hasn't disclosed what they sold our management rights for or how much EPN paid for their 2.6% of the company.

EPN becoming our management is ment to be working for us. Not working on maximizing how much they can get out of us. This reeks of golden handshake from MAQ.

AT the end of the day we ended up heavily diluted by this and really geared at 65% thats not alot better position then where we are now!

EPN have committed 9.5 Mil initally to cover the costs and fees. What costs and fee could there be ? if this is for the cap raising then thats a total of almost 5% of the raising that seems high! or maybe where also getting lumped with the fees of changing management.

More to the point where is MAQ's "war chest" of cash at this point. This is like the titanic where watching the ships captain said away with all the gold while he leaves us to save the ship from sink with nothing but a heapload of bucks!