Ann: Second Supplementary Prospectus, page-20

The irony is that the 5% holders who want to remove Matt under 249D need him to complete the transaction so trading can resume and then they can sell. Those who are delusional enough to hold the stock after re-listing will clearly not vote to remove him.

Matt’s days of being an MD are likely finished. His character is tarnished through his atrocious management and that is evidenced by the company’s inability to raise sufficient capital to complete the transaction. Brokers and investors are no longer interested in doing business with him (fact). He doesn’t deserve to be paid a dollar for the last 12 months yet will walk away with a generous salary for achieving nothing. Everything this moron has touched - from Santa Teresa to Springdale and now to Mount Margaret - has ended terribly for holders. He couldn’t organise a pis5 up at a barbecue.

I’ll walk away with a small to moderate loss, the utmost joy of never owning a Matt O’Kane stock again and big lesson learned - do your research and know your board before you buy, and whatever you do, don’t touch a Matt O’Kane stock again!