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10/07/17
00:05
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Originally posted by hsv2001
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I will be voting yes for this, people here need to realize a few things;
For one that VNX went into the transaction on the basis they were giving up some of their company for an ASX listed company...which of course failed and then ended up with nothing but did take on huge dilution themselves and all the AWD shareholder? How would you feel if it were your company that you'd built up and all of a sudden took on the entire AWD shareholders?
They also could've have completely reversed the deal when AWD failed to meet it's part of the deal, again leaving AWD shareholders with nothing but a seriously tainted ASX shell...if that!
IF an overall no vote is given, then you may as well say goodbye to the investment completely unless you're a noteholder. As everyone here should be aware the noteholders have security over the company, and they were supposed to vest in April but granted another 6 months. So if a no vote is given here, the next pathway would take at least 6 months from now to get all the new paperwork in line, by that time the noteholders extension would then be up and they can rightfully take their entitlements. This would destroy the company altogether.
It's been a tough 2 years I'll admit, and yes if the raising is at the lowest point of 10c it will be a hit, but this will give the company the funds to push forward with Oper8tor and try and return value to shareholders. The performance shares have hurdles which need to be met. Also if the $8m is fully subscribed that would show some confidence in the company by investors, we just need to suck it up and push forward.
So if you want to completely throw away your investment then vote no
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I kept saying that @hsv2001 but no many listened to that...i agree with you,Angus could've easily turn it's back on AWD and leave us with nothing but a aweful experience...he choose to stay and work his way which imo must've been harder than many of us can understand...cheers