Referring to PLV independent Experts Report 5/12/2011
Pages 44 & 46
low 70.22m high 135.03m preferred 100.72m
shares on issue 227.334m
share value
low 30.88c high 59.39c preferred 48.7c
after dilution 84.51m shares purchased by Timeone
low 22.5c high 43.3c preferred 35.5c
35.5c is what timeone is paying. Not fair but reasonable.
NB figures do not include Tasmanian assets or options.
