seriously have a look at vendor payments secti, page-23

With regards the below quote, would just like to suggest that we not only tar and feather the directors and chairman but also these brokers/bankers. While I appreciate the sentiment of "rather loose the money than allow them back up"...I would like a few crumbs from my life's savings that were invested in this company on the faith of their accuracy re statements over time. My losses were VERY substantial and my memory is very long.

"...The sticking point for me is what imho appears to be the incompetence of the board. These fees are rediculous. If the minimum amount of $60M is raised the fees (as stated in the prospectus) will be $5.4M. WOW - 9% with no contribution to the cash earning potential of the business. Also, this statement must have been drafted by a lawyer because I think the actual fees are materially higher. This defies rational explanation. Look at the fees to Euroz and Patersons. A $500K corporate advisory fee and a whopping 6% management and cap raising fee when it is not underwritten. On top of this there is also payment for legals and other 'out-of-pockets'. There is something fundamentally wrong with this amount. It reminds me of the massive fees paid to financial advisers to get their clients into the tree farm schemes because the underlying business model was flawed. Also note that Euroz has been paid $2.06M in the past two years for broking services. It would be more profitable for NMS just to invest in Euroz...."