Anyone else get the phone call?, page-21

Not sure why they are wasting money spruiking an offer that is incomplete.

As part of the announcement, they made the following statement:

• a pro-rata distribution of Coda shares at a ratio to be confirmed - read that to be a share consolidation and I would be surprised if it is 1:1. Given they have not defined this ratio, and provided the "independent" report, how can anyone determine the value of this offer.

Also tell me why the new company (CODA) needs 5 Directors. What a cash bleed for zero value. We already have had 2 Ansteel Directors bleed GBG $84,000 per annum when the company has ZERO revenue. Now they plan to do it again?

Other issue that needs to be clarified - what happens to the GBG shareholder loan to Karara?

So spending money right now for telemarketing is a waste of money.