Capital restructure, page-7

all only worth it if company relists on ASX. Assume HAOMA share holders and Calidus would be offered IPO shares in Pirri if it lists.

Interest wont be foregone if I read it correctly nut converted to more shares based on shortfall in take up.

Someone might be interested in share buyin but dont think it will dilute Morgan holding.

No reference to relisting. That might make it more attractive. My holding will be diluted if I don't take it up but could but in later if shares drop in value. Morgans might have interested buyers at 27 cents but that price and 3 for 2 is all designed to improve the balance sheet without cost to morgan research and no change in level of ownership.