Ann: Notice of Extraordinary General Meeting/Proxy Form, page-18

So, to summarise, we want shareholders to give us permission to dilute the company way more than the 15% which is allowed by listing rule 7.1. We also might give away the new shares for as low as 20 cents each. We are also going to reward employees with shares (amount unspecified), adding to the dilution. We will be getting into homeopathic levels of dilution if you throw in the performance shares in May. Dilution is fine if the share price is rising, but without major revenue, it will only fall on this news. I'll be the first to admit that most of the gobbledygook went way over my head, so hopefully a resident accountant can make sense of it and be kind enough to explain it in plain English. All I'm seeing is a lot of taking and not much in the way of giving back to current shareholders.