Ann: Fully Underwritten Non-Renounceable Entitlement Offer, page-103

It sounds like we have been had and I now think Ahana want to take over cka at the cheapest possible price.

1. They will probably push it below 5 cents so no one exercises their options.

2. They will prepare to mine as little as possible to prove it can be done.

3. I will now be very surprised if Ahana assists in getting any funding for the BBM project and with over 20% of shares and close to 50% in its control can probably veto any sort of external financing.

Once they have used the barges a few times they will probably put an offer in around 15-20 cents.

DM should have made the purchase of shares by Ahana off platinum conditional on project financing.

By the looks of it Ahana has outsmarted DM and cokal every step of the way. No wonder he's a billionaire.