Yep your right that's about it. However, both options are on the table as a result of managements inept decisions. Firstly they agreed to a contract which left them exposed and without recourse to claim liquidated damages as a result of delays, supplier and or construction defects etc and then continued to borrow money from MND without independent verification of the project costs. Secondly the board have agreed to an offer from XEPT for an amount which they have continually stated as being undervalued ie: <$20m market cap. Additionally the offer fails to adequately represent the significant funds invested by shareholders in the technology and commercialisation since listing in 2008.
So yes shareholders get to choose from two inferior options........there is a third option but I doubt many would have the resolve to pursue it. So it's all a bet on China......a country well known for it's opaque markets and suspect international relationships.
ANQ Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
