Ann: Prospectus, page-2

Now I may be slow but in the interest of being further educated I'm going to stick my neck out.

For the offers of:
(a) up to 10,000 Shares at an issue price of $0.0425 per Share to raise up to $425 (before
expenses) (Cleansing Offer); and
(b) 10,000,000 New Options to Evolution Capital (or its nominee/s) (Options Offer),
(together, the Offers).
This Prospectus has been prepared primarily for the purpose of section 708A(11) of the Corporations
Act to remove any trading restrictions on the sale of Shares and Options issued by the Company
prior to the Closing Date

If I'm reading this correctly we are doing a cap raise for a total of $425 dollars yes just $425 dollars. But part of that offer is for 10,000,000 opies.
Seems like a pretty good deal for someone.
Is this euro doing mates rates for friends? as it sure seems like it.

Objective of Cleansing Offer
The primary purpose of the Cleansing Offer is to remove any trading restrictions that may
have attached to Shares issued by the Company without disclosure under Chapter 6D of
the Corporations Act prior to the Closing Date (including prior to the date of this
Prospectus). Accordingly, the Company is seeking to raise only a nominal amount of $425
under the Cleansing Offer as the purpose of the Cleansing Offer is not to raise capital.

So the shares we sold you for the raise, you can't rinse and dump immediately for a profit as the share price came off so quick so here is a backup just in case?

I'm sure someone will enlighten me if I'm way off the mark but this does seem like more creative use of company value which retail are probably fitting the bill for.

Looking forward for any insights, and as I said I'm hoping someone will tell me if I'm barking up the wrong tree