Ann: Iron Bear completes pilot pellet production run, page-23

Good to see some action. It is understandable and expected. RM Corporate has stumped up $1.6M and is going to stump up to $5.6M more. They are not putting the money up themselves but have clients that have and are prepared to put up more.
These people have
(i) Don George Evans;(ii) Throne Investments Pty Ltd;(iii) Ruroin Pty Ltd;(iv) BansKin Pty Ltd ;(v) BG Development Fund Pty Ltd ;(vi) Dale Maurice Raynes;(vii) Jameson Nominees Pty Ltd ;(viii) Mitchell Ben Jones ;(ix) Hevel Pty Ltd ;(x) Corbenic Investments Pty Ltd ;(xi) Mainbreak Securities Pty Ltd;(xii) Ridge Street CTTR Pty Ltd ;(xiii) Naht Anh Hoang ;(xiv) Cosann Pty Ltd;(xv) Sabre Power Systems Pty Ltd;(xvi) Steven Talevski;(xvii) Robert Philip Grant;(xviii) Richsham Pty Ltd;(xix) Empire Equity Pty Ltd;(xx) Exit Out Pty Ltd .
They have all gotten a good deal. To get this good deal CLE would have been compelled to give RM full disclosure and possibly access to the data room. In turn RM would have divulged this detail to their clients in order for the clients to see that this is a great deal. The great deal is not based on the current trading history, it is based on the company's projects and the project's potential. That is whether Iron Bear has the goods and that a deal is or will be made. RM and their clients know more than we do. Much more. They know what the company knows that cannot be released yet. This is mainly because deals may be in progress, or incomplete. There are many things that cannot be released prematurely. RM would have insisted on the consolidation as part of the deal. Shares on issue is a issue.
These fore-mentioned investors can all participate in the rights issue as shareholders. All current shareholders can participate. I am debating whether I will. All current shareholders can and should have first bite at any shortfall. I will do so myself once the AGM is over and I am satisfied that I will join the rights issue. Any remaining shortfall is then available to RM and their clients that are or have not participated in the CR.

Now you are seeing astute investors armed with more knowledge that we have, feathering their nests before more knowledge is made available to the existing shareholders either via a forthcoming announcement or in general discussion at the AGM. The only way these savvy astute investors can feather their nests is to buy more shares on market from those who have been selling at these ridiculous prices. This way they guarantee that they have a lot of shares.

And before you start ranting about that we, the existing shareholders, should have exactly the same knowledge as what was given to RM, RM is compelled to do their due diligence and CLE is compelled allow them to do their DD and make any assessment of any information they found. CLE is compelled to release information to the public only once it is verified true and complete.