From reading this announcement it appears that the company had circulated an Information Memorandum to selected individuals and someone has then forwarded onto ASX. (Good on them is all I can say). So much for the disclosure practices of the company.
Upon reading the ASX queries this is sounding much like a repeat of the Shaun Morgan/ICBC Capital debacle all over again and shareholders being treated like mushrooms.
PDF Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.