Ann: Extension of Offer, page-5

Hi Angor532,

Yeah, this is not funny any more. Only GC and Rule now running the ship and making these "fly-by-night" decision.
They had hoped that the "renouncable rights" will trade because, obviously, those who bought entitlements on market is pretty much confirmed as entities/people that will take up the RI at 0.005. But there "fly-by-night" idea has again backfired in their faces.

"The directors decided to extend..."
Why is this??... they have no choice because they are virtually bankrupt ... Raising 16.5 mil... 11.5 mil to David Porter and the underwriters cost of couple hundred thousand. Then there is a massive legal bill outstanding for their lawyers (which I note is constantly camouflaged in the qaurterlies as "admin costs"... have a look. AND THEN.... there is GC and Rule's annual salaries which add up to in excess of a MILLION DOLLARS.. They said that if they could raise the FULL 16.5, SUNDANCE (NOT GC and RULE) , but sundance can stay afloat till end of 2017... BUT look at what it really is... Almost 2.5Mil (not talking about Wal Kings salary/directors fees which is another 100k or more) that goes purely to GC and Rule's salaries.
Then there is virtually nothing left to pay the rent for the massive empty premises, (which is Sundance.. (what a friggin joke)) in West Perth.

There is no money to do anything any more.. don't believe the shite that GC has been spinning.. GC and RULE MUST leave the company without delay. All money now being raised is to cover up their massive failures, settle their legal costs and to draw salaries (almost 2.5mil between the 2 of them) for 2 more years.
We should get replacements that can affectively undertake "care and maintenance" roles because that is all that GC and Rule can do right now.. there is no money and they've killed off the company in any event ..
Wonder what's the game tally in the Chess contest that they play day after day.
GC and Rule... Please do the honourable thing and leave...