Ann: Initial Director's Interest Notice, page-13

Chimera will find it very easy to desist. They could spill the board and appoint all Chimera directors, launch a non renouncable RI at 2 cps that will dilute share holder equity to less than 10%. The trade creditors know they will be lucky to get anything. Chimera will have the voting power to do anything they like within the ASX rules and that includes delisting. The reason they will go private is that running an ASX listed company is expensive compared with running a private company. There are huge savings to be made and business freedoms to enjoy without annoying share holders and ASX rules to follow, reports to write, share register to maintain, AGMs and remuneration issues. VXl will be incorporated into a private empire that will open up markets, introduce production efficiencies and make millions in profit. This of course was Chimera's objective all along when VXL turned to them as lender of last resort and they readily advanced the finance with strings attached.