Ann: Corporate Update, page-4

Wish i could say i was surprised.

So reading between the lines it seems the last CFO wasnt quite on top of things! Cant say it seems right they work this out after the last cap raise. Would be nice to know these things before one would stump up. Little gem from the ann.:

the Company’s creditor position, which is larger than anticipated. The Company has engaged an independent accounting firm to provide an investigative accounting review as part of the preparation of a prospectus that will underpin the proposed capital raising.

Looks like we need to pay some outsiders to tell us how to manage our books. Good to see money again being spent well. Don’t you pay the CFO for that?

I cant believe they will likely again jam the mum and dad investors with the last cap raise. Find it very unlikely the SP will hold when relisted and when will that be? 1 month, 2 months......Yeah end of July whatever you reckon.

Beside the horrific performance of this bunch one thing comes to mind with PLV opportunity cost.

Get ready for a long and protracted TH.

Finally given the inability of management to adhere to market advice i find it hard to believe any market credibility can be maintained so even positive future announcements will be ignored or taken with a grain of salt.

End rant.