re: Ann: Entitlements Issue Notification of u... 18,849,213...

re: Ann: Entitlements Issue Notification of u... 18,849,213 shares equal to $235,615.16

Well, Smyths was just over a million of them, if he took them up as planned.

So another 17 million went to some.....that's about hte number I"d have expected - pretty pitiful but showing lack of faith in the company's ability to follow through and get projjects running.

Maybe Marc Falkiner from ASIC will now see why shareholders felt the issue wasn't fair to go ahead as holders didn't know whether there was any legitimate reason to take them up.

At least the $235k is enough for them to keep the doors open for a while - and hopefully some value can be returned when we hear some definitive announcements.

Arredo (Middlemass) may have taken his 10 million too - but I'd want to know what he knows that the rest of us don't if that's the case, as they have neighbouring offices.
A lot of unearthing to be done, providing shareholders will vote YES to our resolutions at the EGM to see the truth brought out, and hopefully start heading for a brighter future with some trust rebuilt.

Todays numbers have proven how critical the EGM will be to help bring trust and faith back with our own team of shareholder advocates needed in the picture.