Anyone going? I would like a proxy to vote against some of these measures.
The Bird-whatever report is interesting, pre debacle value of 5.3 c per share, now long gone.
They are right in saying there is no premium for control at the lousy ascot issue price, where they get 65.7% of the company for less than 1c, current guestimate being 1.7c/s.
The only hope is the "mates rates" brigade are such a greedy lot, they will prop up the company to get their 3-4 times return, and we might be able to recoup half our losses If we can pick the "rats leaving" date.
Great to see ASIC doing such a wonderful job protecting us.
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