Ann: Supplement to Administrators' Report, page-5

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maxmojo

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12/05/15

14:06

Post #: 15262881
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10:1 sounds

Originally posted by 5speed ↑

From the letter that SFG sent with the new DOCA proposal, which was not mentioned in the letter to creditors, but would be of interest to us shareholders:

"Additionally, IDC shareholders will be offered a shareholding in the reconstructed company when relisted, whereby 100% of the shares in IDC on 27 March 2015 will be converted to 10% of the total shares in the reconstructed company."

So, in the first DOCA (from Brian we think), us shareholders get 1 share for every 400 we own, so if you own 1 million shares you get 2,500 shares. In the new SFG proposal, we get 1 share for every 10 we own, so 1 million shares ends up at 100,000 shares.

Humm.... What do you guys think ? 400:1 or 10:1.

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10:1 sounds good

but could that be done with no troubles?

IDC Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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Ann: Supplement to Administrators' Report, page-5

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