not until "the fat lady sings"

As Alan Bond used to say " It is not over until the Fat Lady Sings"

And he managed to avoid the final end few times until she did sing for him !

I do take that any positive view will qualify directly for a straight jacket and the mad house.

Keeping the above in mine few point clarifying the initial announcement.

1. 100% equity investment for 64% ownership
2. But money to be returned to the investor in some point of time and then pdy can claw back the ownership to 49%

So if the money returned than one would say it was a loan but if it was a loan than why 64% ownership ?


And there was no upfront fee because it was not a loan.


This was just to complex to ASIC/ASX and average investor so if it was Jina she would do as she pleases but listed company had to have discussions with ASIC/ASX and Roland had enough.


Now ASIC/ASX has dilemma : have they damaged a legitimate deal ?

They are in no win situation:

1. If the deal was not legitimate they should not allow to trade

2.If the deal was real they should not cause it to fail


Shareholders have a case against ASIC/ASX either way.

Let Ambulance Chasers deal with them !!