No problem @jeuijjSo looks like it is confirmed that Mahe...

No problem @jeuijj

So looks like it is confirmed that Mahe Capital Pty Ltd took most of their $60,000 initial fee in cash and their 2nd component being the 1% caclulated on the total amount raised by the rights issue as shares.

We know this as it was first indicated as an outcome more or less in the 3B announcement ( near towards the bottom end of it ) on the 12th of March 2020 as follows :-

Part payment of the fees to the leadmanage

$60,000 and 1% of the amount raised underthe entitlement offer

* Proposed issue date = 14 April 2020 ( * this being obviously changing in line with the rights issue extension )

Up to 34,266,474 Quoted Options(exercisable at $0.02 each, expiring 3 yearsfrom issue)

Up to 12,854,136 Ordinary Shares and6,427,068 Quoted Options (exercisable at$0.02 each, expiring 3 years from issue)

And a quick inspection of the Appendix 2A clearly confirms this to be the case when comparing the differences between the table released to the Market on the 27th April and highlighting the total number of new shares subscribe for per the rights issue verses the total number of new shares requested for quotation on the ASX.

So based on 1% of the total amount raised of $2,570,941 , Mahe Capital would obviously be entitled to $25,709 ( or $25, 700 if you round down ) in fees for that component of their commission. So then $25,700 divide by .008 is equal to 3,312,500 which would more or less account for much of the difference of 3,212,544 shares being the difference betweenthe new shares being advised as being subscribed or taken up - as shown in the table , and the 324,580,104 shares being now reported in the 2A for quotation on the ASX . So that obviously takes care of the Share side of it apart from the overall difference of 36 or 80 Shares ( depending on which figure you use )

With respects to the options - Mahe Capital obviously gets their 1,606,250 being the 1 for every two shares ( ie using 3,212,500 divide by 2 ) so that then ties up exactly with the difference of the 160,683,820 being reported from the rights issue raise and the 162,290,010 being requested for quotation on the ASX and as detailed in the Appendix 2A.

O.k so at the moment it looks as though they ( Mahe ) took their $60 k fee and ' ran ' Can't really blame them for doing that given the current environment. Will still be interesting if they can place the remaining Shortfall as also mentioned in the Appendix 2A released today :-

" The Company has reserved the right toplace the balance of the shortfall availableunder the pro-rata offer within the permittedtime period described in the rights issueprospectus. "

Either way it doesn't really matter because the whole Company is pretty much a Joke of an operation and anyone who took up the rights are now set to lose even more - including myself now. I mean seriously , they can't even get the description as in the proper expiry date of the 2 cent options correct in the release today. What does that say....... It says they don't have attention to the details.....like their previous misstatement of their Cashflow Statement some months ago. And these sorts of mistakes at this level are simply unacceptable in my opinion.

They should release a corrected version of the Appendix 2A - otherwise there may be some legal issue unbeknown's to shareholders that in some way they are ' defunct ' . They're hopeless - that's all I have to add further , as a result will be ceasing any further commentary or wasting anymore of my valuable time concerning myself .