a bargain or balls up?, page-13

considering the proven assets...
considering the rules for comapny directors...

Principles of Disclosure
The Company must take reasonable care to ensure that any information it notifies is not misleading, false or deceptive and does not omit anything important.

&

Misleading Statements
Care must be taken by a company (as well as by individuals) to ensure that it does not make a misleading statement at any time. This criminal offence involves a person inducing others to deal by:
- making a statement which he knows is materially misleading, false or deceptive;
- dishonestly concealing any material facts; or
- recklessly making (whether dishonestly or not) a statement, promise or forecast which is materially misleading, false or deceptive.

Companies should note that they can also face sanctions if they commit market abuse including market manipulation (see section entitled "Continuing obligations for individuals").

...then for new investors this is surely a bargain?

however, for all existing investors, its the 2nd option...

anyone seen news of Dundas? last equity agreement expired end of march, has a new deadline been agreed?

MT