Ann: Notice of Extraordinary General Meeting/Prox, page-2

re: Ann: Notice of Extraordinary General Meet... Instead of buying stock you should have picked up some of those convertible notes, 12% p/a interest, convertible to $0.004 per Share - let's hope the $0.004 was indeed another typo...

Key to this announcement is the blurb talking about the requirement for ongoing capital, and the request for permission to issue 750'000'000 shares to sophisticated investors. What a farce, is it that difficult to put everything on hold except for those with imminent cashflows (like the pharma plant), and get the cash flows kicking along. Imagine how much less dilution there would be if significant cashflows started before issuing capital. Was a potential share issue of this magnitude hinted at in a previous ann, or is it new? Just surprised it didn't get released in an announcement tagged as market sensitive.

If you're wondering who's been selling down recently, I'd hazard a guess it's the sophisticated investor who's set to receive part of this coming share issue..

Eight resolutions, all relating to raising capital. I've not seen anything quite like it. I hope there is positive news for the pharma plant, anything to break the trend of capital raising.