1. They've found an off-shore sucker (of questionable reliability) to stump up $400,000 at a 33% premium to share price - good luck with that; and
2. They've ignored the 249D notice - the meeting should have been scheduled by now but they are "... considering contents and validity ..." - what cr@p - a group of shareholders (as well as the rest of us) want the chairman (and the MD) gone - if you've got the numbers, get on with it - if you haven't, get out and let someone competent have a go before the cash runs out (again); and
3. They don't want the shortfall placed - why not? The latest cashflow report wasn't encouraging and the Half-Year results can't be either. The $400,000 won't go very far so I would have thought that if it could have got away (doubtful) another $646,000 of new investment would have been welcome.
Turkeys!
TKF Price at posting:
1.4¢ Sentiment: Sell Disclosure: Held
