From my reading of the Appendix 1 in the latest shareholder...

From my reading of the Appendix 1 in the latest shareholder update 100,000,000 shares and 60,000,000 options to raise $251,500 to be raised from the Syndicate or nominees.

Then the "public" will pay the $1,900,000; out of which directors fees will come.And "other expenses"

How much will it cost to get a cash flow? Or profit!

I believe that there are opportunities out there to get this company up and running; but who would be the beneficiaries? The Syndicate. Big time.The shareholders would have to put in more to get something up and running; and more dilution.The syndicate will have enough equity at a low cost; so no need to put anything in. If there are assets that are held by the syndicate; perhaps they will be put into the company for more shares. More dilution.

And to top it up at (g) on the letter if shareholders do not approve the resolutions the company could end up in liquidation.

So the current shareholders are totally irrelevant.

Then again I may be missreading a lot of stuff or halucinating