1.3m for sale, page-3

From the information in section 'THE REMAINING GROUP AFTER THE PROPOSAL IS IMPLEMENTED' in page-6 it states:

"I also note for completeness that the Independent Expert has provided an equity value for the Redbank Power Station of between $24.4 million to $35.4 million, but this valuation is on a theoretical going concern basis and assumes that the equity value of Redbank Power Station could be realised in an orderly manner (free of any selling pressures) under current market conditions"

This is approx 3 cents or better for the shareholders.

also the starting statement is wierd:
"Once the Proposal is implemented, we are proposing that the Remaining Group "WILL" Wind Down and wind up over the next 18 ? 24 months"

How can it be a definete "WILL" if it is a "proposal" for consideration?

Anyways, from the above staement it appears that the current Director board is not "Least" interested in acting in the interest of Shareholders with respect to Redbank in a manner that optimises any return to the shareholders; and therefore expresses their incompetence as a Board of Directors.

If any of you guys are going to the EGM on the 15th, can someone raise the question of appointing a new Board (Rather than reducing the board)who would act more in the interest of the shareholder interest (than a board in a hurry to warap up and go home, hopefully syphoning some of this residual value for themselves in terms of fees etc)?