patents for metalstorm, page-21

Vinekeeper,

The importance of spread part of the requirements to ensure an ASX listing. Neither, ASIC and the Corps Law makes any distinction between an unlisted public company and a listed public company. Therefore the question that ASIC will be addressing is along the lines of "did shareholders agree to the issue of the shares when approving the convertible notes, and if so there no requirement for an EGM", nothing involving sensitivity towards Shareholder's feelings, or ASOF's need, due to ASX requirements, to have them. It is what you may call clinical or black and white unfortunately, much like most laws.

I also think you will find that in the event that ASIC agree and waive the requirement for a vote, there will be no problems to re-list on ASX, again irrespective of Shareholder sentiment. This is all subject of course to ASX agreeing to allow it to re-list and not invoking Chapter 1.

If by chance the above occurs the aggrieved Shareholders are then free to show their feelings towards both ASOF and ASIC and sell their shares.