Ann: SWF - Section 249D Notice, page-13

One would think any acquirer would expect to see a happy board, and management all rowing together , not a shareholder base fighting with each other to take the risk of acquiring a company that is in heavy cash flow losses over the last few years and has recently increased rather than decreased that gap as scale arrived.

In addition the natural byuyer being the companies biggest supplier is under financial haemorhage because of contracts it entered like the one with SWF.

SWF is worrth a multiple of cash flow , or a $ amount per customer that could be transitioned to the buyers platfform.

CBA cant buy it because $9.50 is to cheap compared to their own platform and whoever else buys would be very fearful the only glue the business has with the end client is price

SWF must stay stand alone and get to profitability , the idea of buying Open Markets seems to me to be the only answer , but dilution of anyhting more than 50% would be a disaster. OM loses money , SWF loses money , but together they might make money, win , win if the price SWF can acquire OM in paper is reasonable , maybe 200m shares @ 20c would do it.