Ann: Update on Entitlements Offer , page-6

I'm a long term holder and VMG management has shafted me royally over the past twelve months. Given past performance of the current board and management I'm afraid they'll put out a new deal even more dilutive than than the one they tried to float. Great if you have the cash to buy in, lousy if you don't. They'll even whack on the announcement that they are "pleased to announce". The main game for VMG at the moment is looking after the bank and the instos so retail shareholders shouldn't expect much, beyond being asked to take a punt.

XOC is right, why couldn't they have flung us a few key figures (ie we raised $X, which was $Y short of the minimum, but we're in talks with the banks as blah blah) that'd give me a bit more info and confidence, for a change. We aren't talking end of FY reports here, just some key figures that management should have to hand.

Then again, its not like I could act on the info because we can't trade anyway.