new beginnings ..., page-27

Three things

He is still a reporter selling articles he is human and no matter what anyone says it is still interpretation, who knows we may all be wrong.

It is strange that these figure were not released in the Official ASX Ann. If Rufrano did say all of it on record and it is fact then see below.

If the $10mil figure is correct for fees that he quotes then back of the hand calc

845115968 is no of shares on issue
125922279.2 is 14.9% of above
0.079414064 share value used to calc 10mil liability.


To prove a point re the reporter simply hit search for convertable bond in ASX listing rules and there is no hits, so where did "The convertible bonds will not be able to be turned into equity without shareholder approval. That is in keeping with ASX listing rules." This info might be somewhere else but is technically( yes being pedantic) not correct, there is mention of convertible notes and preferance issues etc in the listing rules definitions


I am not saying he is wrong but this information can not be substanciated anywhere in the official Ann or via standard ASX info, so does he have inside info or is it his interpretation?