Some interesting reading on The Mullan Proposal back in 2018 for...

Some interesting reading on The Mullan Proposal back in 2018 for BZ - which the takeovers panel deemed to be inappropriate.

A bit of a shyster - in my opinion

https://takeovers.gov.au/reasons-decisions/2018-atp-20

1. On 19 July 2018, Bullseye lodged a third supplementary target's statement in relation to the Takeover Bid disclosing, among other things, that it had:
   1. agreed to conduct a new capital raising through the fully underwritten issue of convertible notes to various sophisticated and professional investors to raise up to GBP£15,000,000 and that the underwriter was Mr Desmond Mullan and
   2. entered into the Gold Prepayment Deed and associated agreements with entities associated with Mr Mullan (the Lender) by which the Lender would advance up to A$100,000,000 to be repaid by Bullseye via the delivery of future physical gold ounces to the Lender (equal to a value of A$100,000,000 plus accrued interest and fees).