Ann: Presentation, page-69

Great posts as usual cmon.
Should you not have said in your complaint to ASIC that WITHOUT the credit raising the company is likely to be in default of the loan covenants .
The Announcement is full of outdated and misleading information .
They quote a SP of 1.4 cents when the latest Market price is 0.8 cents and is very likely to be 0.6 cents or lower when it next trades .
The NPV 10 of $250 M in no way reflects the PRESENT value of our assets .
This cobbled together Announcement of non current misleading information reflects the lazy and indeed devious way they give information to the owners of this business and they have been doing it for a long time.
They have crafted the level of the placement to bolster up the level of support for the BOD but not high enough to trigger either the TO regulations or a vote of shareholders .
Molton will go over 20% by taking up shares above its entitlement , does anyone know how that stands with the takeover regulations .
No independent expert would say that a change of control of the company at 0.6 cents would be fair and equitable .