Trust is a must when investing hard-earned cash into these...

Trust is a must when investing hard-earned cash into these companies and I've lost confidence and trust.
What is left to keep the company afloat after the proposed gift to SH ?????
Royalties What.05c ??? per share. Who Knows after EXPENCES ??? A Leopard doesn't change its spots
Anyway, Make up your own mind.
These are my key takeaways from the announcement that made up my mind.
DYOR

Independent Expert’s Report
3.8 DisadvIndependent Expert’s Report
Shareholders should carefully consider the Independent Expert’s Report prepared for the purposes of ASX Listing
Rule 10.1. The Independent Expert’s Report comments on the fairness and reasonableness of the transactions
the subject of this Resolution to the non-associated Shareholders. The Independent Expert has determined the
transaction the subject of this Resolution is not fair but reasonable

WTF.... IF IT'S NOT FAIR IT'S NOT FAIR ITS A RIPOFF !!!

The Directors believe that the following non-exhaustive list of disadvantages, may be relevant
to a Shareholder’s decision on how to vote on the Disposal:
(a) Disposal of Company IP – as a result of the Disposal, the Company will be disposing
of the Company IP which may not be consistent with the investment objectives of
Shareholders. Although Shareholders will continue to receive royalties post
completion of the Proposed Restructure Transaction, the royalties are limited in time
and therefore Shareholders will not be able to benefit from the commercialisation of
the Company IP long term. The size of the Company’s tangible asset base will be
reduced significantly as a result of the Proposed Restructure Transaction.
(b) Sale of Main Undertaking - the consequence of the Disposal is that the Company
will sell its main undertaking and be required by ASX, within a period of 6 months from
the date of announcement of the Disposal to identify a new project or opportunity or
risk being suspended from trading by ASX. The Company will also likely be required
to re-comply with Chapters 1 and 2 of the Listing Rules before its Shares can be
reinstated to trading following such suspension. There is also a risk that the Company
may not be able to locate and acquire other suitable investment opportunities.
3.9 Future activities and direction on completion of the Proposed Restructure
Transaction
If the Proposed Restructure Transaction proceeds to completion, the Company intends to
continue as a listed company to identify new projects and growth opportunities, that will aim
to generate value for Shareholders and future investors.
Any such future acquisition of a new main undertaking will require the Company to re-comply
with Chapters 1 and 2 of the Listing Rules and further details of any such acquisition will be
11
released to the Company’s Shareholders and market generally in accordance with the
Company’s continuous disclosure obligations under the Listing Rules.