Just seems a little odd that you are "aligning shareholder's interests" yet not going to pursue any action to director JB's renegged placement commitment which bar JB, would be of all SH best interests to pursue. Might be a boys club you've got going on there.
I just wonder how much of the terms of this con note is about ASEAN in it for ASEAN than ASEAN in it for shareholders. Seems ASEAN will be very well looked after and might just make a $ on it if it is turned into a mine.
I'll be keen to see if Reeve can source a superior proposal now that it's all been laid out.
The sector continues to leg down and I think you guys will find that there will soon be many other U companies around will struggle to raise capital in decent form to keep the lights on. No point gambling on 'cycle bottoms' when your investment could go to 0 before the sector kicks off.
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