complaint lodged with asic, page-9

mj

imho there is no chance of getting a 75% vote in favour of all resolutions.

so if you vote yes then (again IMHO) the most likely scenario is the revised resolutions getting up and the board have already said you will get what they can spare (read the supplemental doc) up to 10 cents!!! not the you will get 10 cents but up to 10 cents.....

We are all in the same situation, by that i mean the debt holders and share holders alike. The 10 cent offer was an insult and i will not accept it, We ALL have a lot to loose, although if i had a billion or so in debt owed to me as opposed to a little pile of shares i may not sleep as well at night.

All i am asking for is the debt holders to increase the offer to a fair amount that reflects the value of our company to them. Isn't this the normal business practice in a take over situation?

Now i could go on about the IMO the disgraceful treatment of our (SIC) board and the lack of action from the regulator (to date anyway) or the market sensitive information not being released to the market on the value and risk to all parties.

IMHO the meeting next week will be pulled at the 11th hour and a new offer put on the table next week, which will be more amenable to share holders.