Nameuser,You miss the one important thing that has kept the CMR...

Nameuser,

You miss the one important thing that has kept the CMR vehicle of interest to Septics & that poor excuse for a director, tax losses.

So to effect the deal an interim trust arrangement is setup to hold the funds on behalf of interested parties willing to fire in subject to a number of condition precedents that must be met to effect the money transfer, if not money is refunded.

Prospectus - issuing one will be hard to put together but as long as everything is spelt out clearly on the risks should get ASIC nod.

As mentioned on many occasions before, HNC are in box seat and will maintain their interest in JV or increase it if possible.