Ann: Notice of Annual General Meeting/Proxy Form, page-37

Well we all lose on this. Previously vendors were to get 700mill shares and 270mill on performance conditions. Now they are getting 970 mill, 150mill options, 323mill to Blue Cove, 29mill to Clay, 200mill performance shares to directors.

Then instead of up to $3mill at 2c, it is now $6mill at equivalent of 1c (quadruple shares), add on 450mill shares more than originally.

No wonder insiders were scrambling to get out yesterday. I calculate approx 500mill shares floating around AFTER consolidation. At 5c that's $25mill marketcap. Bit of deja vu (third time for me now). Will they be able to maintain a 5c share price to ensure successful CR this time?